Legal risks of a neighborhood association

Questioner

Together with a neighbour I have set up a 'neighbourhood association'. We are not a foundation and are not registered in the Chamber of Commerce. So we actually do this in a personal capacity. We collect an amount every year from which we organise activities. Once a year we send our budget to all our members, so that they know what happens to their contribution (15 euros per household per year). Now we ask ourselves, are we running risks by running the 'neighbourhood association' so unofficially? If so, what risks? If so, how can we best limit those risks? And does it make sense to mention 'participation at your own risk' for activities? Thank you in advance for your thoughts.

Lawyer

As a director of an association that was not established by notarial deed, you are personally liable for the debts of the association as a director, this can also be the result of liability as a result of an accident during an event organized by the association. You are wise to convert the association via a notary into an association with full legal capacity, as such the association can also open a bank account and take out third-party insurance.