Unincorporated Association – A For-Profit Unincorporated Association basically functions as a normal for-profit company, except that it is un-incorporated. It functions more or less like a “large” partnership, but has some additional benefits and functions a bit more like a collaborative company than a simple partnership. There is almost no liability protection to the individuals in this type of legal entity, except that only the board or Officers are liable. Please note that it could take a few weeks or a month to get set up, although we may be able to do it sooner. There would be no additional costs to sponsor this type legal entity, and would only cost a % of total cash flow that you choose.