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Legal Structures for Community Enterprise

An overview of the common legal forms for community enterprise and social enterprise in the UK
by

Mark Simmonds

on 20 May 2011

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Transcript of Legal Structures for Community Enterprise

Unincorporated Organisational type Legal Form The start-up process Society Limited Liability Partnership Community Interest Company
limited by guarantee Community Benefit Society Company Private Company
limited by guarantee Private Company
limited by shares Community Interest Company
limited by shares Public Limited Company x x Handmade Bakery Company
Society
Community Interest Company
Limited Liability Partnership Co-operative Society Simple and cheap to create and register
Less onerous administration than Limited Company
Can be a co-operative
Can be used for temporary equity (investor buy-out)
May be useful for consortia

Cannot be a charity as must be “for profit”
Little regulation

Not favoured by funding bodies
Not well understood in social enterprise sector

Legislation – Limited Liability Partnership Act 2000 + Partnership Act 1890 and Companies Act 1985 & 2006
Regulated by Companies House
Governing documents – Membership Agreement (optional)
Full transcript