Verein

A Verein is a formal association of individuals established to pursue common interests, such as sport, culture, charity, or professional aims. In German-speaking countries, a Verein may exist as an unregistered association or as an eingetragener Verein (e.V.) with legal personality, allowing it to own property, sue and be sued.

Formation and governance: A Verein is typically formed by a statute or charter (Satzung) that defines its purpose, name, seat, membership rules, organs, and dissolution. To obtain legal personality in Germany, it often must be registered in the local Vereinsregister; in Austria and Switzerland, registration or civil-code recognition serves a similar function. A core governance structure is common, including a general assembly (Mitgliederversammlung) and a board (Vorstand) responsible for day-to-day management; larger Vereine may have committees or a supervisory body.

Activities and finance: Vereine are usually nonprofit organizations whose assets are dedicated to their stated purpose. Revenue comes from membership dues, donations, sponsorships, or event income; any surplus is reinvested in the association rather than distributed to members. Tax treatment varies by country and purpose; charitable Vereine may obtain tax exemptions and public-benefit status in many cases.

Variations: The concept is widespread in German-speaking regions, with differences in legal framework: in Germany under BGB for associations (including the provisions on registered associations), in Austria under the Vereinsgesetz, and in Switzerland under the Swiss Civil Code. The basic idea—voluntary association of individuals pursuing a shared objective—remains constant.