4 ms·
I think you may be looking for a CIO, or (in Scotland) a SCIO: https://en.wikipedia.org/wiki/Charitable_incorporated_organisation https://en.wikipedia.org/wiki/
by andrewaylett 5y ago
I think you may be looking for a CIO, or (in Scotland) a SCIO: https://en.wikipedia.org/wiki/Charitable_incorporated_organisation https://en.wikipedia.org/wiki/Charitable_incorporated_organi....
Do note, though, that it's insufficient to be a "non-profit" in order to become a "charity". Also, we have more than one type of limited company, and some are more amenable to community interest than others. A company limited by shares will likely have either concentrated or tradable ownership, while a company limited by guarantee is more likely to have a wider membership without so much economic interest.
Going in the other direction, the charity I chair isn't a company at all -- we're an unincorporated association. Which isn't usually the best structure for a charity nowadays, but we make do with what we have.
- ValentineC 5y ago> Going in the other direction, the charity I chair isn't a company at all -- we're an unincorporated association. Which isn't usually the best structure for a charity nowadays, but we make do with what we have. Is there a reason your members aren't interested in incorporating? Protection from individual liability is huge.
- andrewaylett 5y agoIt's not that we're not interested, but -- as far as we're aware -- it's not as simple as incorporating our existing organisation and retaining charitable status.