How do I know what type of organisation my club is?
- Company Limited by Guarantee - Directors or shareholders financially back the organisation up to a specific amount if things go wrong.
- Company Limited by Shares - Most limited companies are ‘limited by shares’. This means that the shareholders’ responsibilities for the company’s financial liabilities are limited to the value of shares that they own but haven’t paid for.
- Charitable Incorporated Organisation - A charitable incorporated organisation is a corporate body which is not a company incorporated under the Companies Acts; it is therefore not subject to company regulation.
- Community Interest Company - A Community Interest Company (CIC) is a limited company, with special additional features, created for the use of people who want to conduct a business or other activity for community benefit, and not purely for private advantage.
- Industrial and Provident Society - An industrial and provident society is an organisation conducting an industry, business or trade, either as a co-operative or for the benefit of the community, and is registered under the Industrial and Provident Societies Act 1965.
- Unincorporated Association - An ‘unincorporated association’ is an organisation set up through an agreement between a group of people who come together for a reason other than to make a profit, eg a voluntary group or a sports club.
For further assistance with organisation type, tax or legal status for your venue, please contact BASeline Business Advice Service.