Legal Structure Ideas

Open Membership

Company Limited by Shares

Limited liabilityyes
Governing documentarticles
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 about companies limited by shares

 

Limited Liability Partnership (LLP)

Limited liabilityyes
Governing documentagreement 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 about LLPs

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