Not-for-profit and Charity Companies
You can also register charity companies, often referred to as "not for profit" companies.
These are used for organisations that operate as registered charities or are community based initiatives that reinvest any
surplus back into the local community or the project they are set up for. There are several types of charitable company;
a company limited by guarantee without share capital and a community interest company.
The exact type of "not for profit" company you require will depend on the nature of the project that is being undertaken and
it is important to seek professional advice prior to making that choice. The common feature amongst all two types of charity
company is that they are normally set up with a specific aim in mind, known as an "object" and have to work towards fulfilling
the object(s) to the exclusion of other aims.
Our trained staff will be happy to dispense advice to assist you in making a decision as to the correct charity company for
your project and in formulating the appropriate wording for the object(s) clause. Because each "not for profit" company is bespoke
it usually takes a little longer to register and will cost more than a standard trading company. Please note that charity companies
are not available off the shelf.