From the time the application is submitted to final approval (about 4-5 months), the honor society will continue operating as an honor society while awaiting the review results of the application.
The honor society leaders should use this time to learn about the following in preparation for its transition into chapterhood (pending approval):
Leadership Succession Planning
Federal IRS tax filing requirements - U.S. Chapters only
Insurance & Liability Coverage
Chapter Services Fee & Chapter Checks