Company Limited by Shares

Limited liability yes
Governing document articles
Can it issue shares? yes
Can it pay a return on shareholdings? yes
Does it have a regulatory body? Companies House
Can it have charitable status? it’s possible, but not advisable
Does it have an asset lock? not unless it’s a charity, so “no”

Read more aboutĀ companies limited by shares

Limited Liability Partnership (LLP)

Limited liability yes
Governing document agreement or deed
Can it issue shares? no
Can it pay a return on shareholdings? no
Does it have a regulatory body? Companies House
Can it have charitable status? no
Does it have an asset lock? no

Read more aboutĀ LLPs

Industrial and Provident Society

Bona fide cooperative

Limited liability yes
Governing document rules
Can it issue shares? yes
Can it pay a return on shareholdings? yes
Does it have a regulatory body? Financial Services Authority (the FSA)
Can it have charitable status? no
Does it have an asset lock? no

Read more about IPSs

OCVA make no guarantees as to the accuracy of this information which is for illustrative purposes only.

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