Corporate Structures & Charities - What You Need to Know
There are more than 190,000 registered charities in the UK and as many again that are unregistered. Most of these charities are not incorporated, and it often comes as a nasty surprise to trustees that they are personally responsible for the assets and liabilities of the charity.
In these times of increasing scrutiny and appetite for criticism of charities, should charity trustees seek the protection of incorporation?
This webinar explores the different types of corporate structures available to your charity clients allowing you to advise them how best to meet their charitable objects while protecting their personal position.
You will also learn how to incorporate an existing charity and transfer its assets and liabilities.
What You Will Learn
This webinar will cover the following:
- What are the differences between incorporation and non-incorporation?
- Types of unincorporated structures
- Unincorporated associations
- Community Benefit Societies
- Statutory powers for unincorporated trustees
- Incorporation of charity trustees
- Trust corporations
- Types of incorporated structure
- Companies limited by guarantee
- Companies limited by shares
- Community Interest Companies CIC
- Charitable Incorporated organisations CIO
- Royal Charter
- The benefits and burdens of incorporation including regulation, financial accounting and the tax position
- Types of constitutions and the role of members in the charity
- The costs of incorporation
- Advising a new charity on what is the best for them
- Advising an existing charity on transferring to an incorporated status
- The part played by of trustee indemnity insurance in protecting trustees
- The role of the adviser and why the decision ultimately rests with the trustees
This webinar was recorded on 10th June 2019