Hi Larry:
I'm curious as to your reasons to incorporate a cemetery association. I
believe Indiana statutes grant some legal privleges to cemetery associations, such
as exemption for property taxes. One possible advantage could be the
granting of non-profit status so that contributions are tax deductible. Some
possible disadvantages could be the required corporation filings that may be required
at the state and federal level, as well as a closer oversight on your
financial situation.
Keep in mind that I'm asking myself. I was asked by the board of a small cemetery near
home.
I hadn't thought about the tax implications. I was thinking more along lines of
possible immunity from lawsuits, although Indiana law also provides some immunity for
boards of this type.
Larry V. Stephens
Office of Risk Management
812-855-9758
stephenL(a)indiana.edu