Business Structures

Fred, our Business Adviser, did a great seminar on types of business structures at the LCB Depot last night. The session covered all types of profit-distributing and non-profit-distributing structures. Let us know if you want the full presentation, but here's a quick summary of who regulates what sort of business:

• Sole trader - virtually unregulated (but pays tax via HMRC)


• Limited Company - Companies House


• Co-operative - Financial Services Regulator


• Charity - Charity Commission


• Charity with Limited Company status - Companies House and Charity Commission


• Community Interest Company - CIC regulator at Companies House


• Charitable Incorporated Organisation - will be Companies House (if it comes on stream)

NB Social Enterprise isn't a legal structure in itself