Tuesday, 25 October 2011

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

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