Association business: Overview, definition, and example
What is association business?
Association business refers to the activities, operations, and decision-making processes carried out by a professional, trade, or industry association. These activities typically include governance, membership management, advocacy, events, and financial administration. Associations operate to serve their members' interests, promote industry standards, and provide networking opportunities.
For example, a national real estate association may engage in association business by hosting conferences, lobbying for industry-friendly regulations, and providing training programs for realtors.
Why is association business important?
Association business is essential for ensuring smooth operations and fulfilling the mission of an organization. It enables associations to represent their members, promote best practices, and influence policies in their respective industries.
For businesses and professionals, being part of an association provides opportunities for networking, professional development, and advocacy, ensuring their interests are protected and promoted on a larger scale.
Understanding association business through an example
Imagine a medical professionals’ association that works to improve healthcare standards. The association’s business activities include organizing industry conferences, negotiating with government agencies for better regulations, and maintaining a certification program for medical practitioners.
In another example, a local chamber of commerce engages in association business by holding meetings for small business owners, advocating for tax benefits, and creating business networking events to help its members grow their enterprises.
An example of an association business clause
Here’s how an association business clause might appear in an association’s bylaws:
“The Association shall conduct all association business in accordance with its bylaws and governing principles, including but not limited to member services, policy advocacy, financial administration, and event coordination.”
Conclusion
Association business includes the day-to-day operations, governance, and advocacy efforts of an organization that serves a professional or industry group. It helps ensure that members receive value, industry standards are upheld, and collective interests are represented.
For businesses and professionals, engaging in association business provides access to industry insights, networking opportunities, and a platform to influence policies that impact their field.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.