There are three legal structures available to new or existing charities. All are equally charities, but each has its own distinctive flavour and characteristics. With conversion between some types of structure recently made easier, read this paper to see whether a charitable trust; a charitable company limited by guarantee; or a charitable incorporated organisation (CIO) is the right one for your church or charity.
- Are all three available charity structures subject to Charity Law in the same way?
- Is it just charitable companies limited by guarantee that are subject to Company Law?
- What is it that makes the charitable incorporated organisation the leading choice for most newly formed charities?
- What is the personal liability exposure under each of the three available charity structures?
- Can all three available charity structures hold the title to property?
- Are the filing requirements the same for all three available charity structures?
- Are the accounting requirements the same for all three available charitable structures?
- How easy is it to convert from one charity structure to another?