Legal Structure Ideas

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If you are developing a new organisation, service, or facility, use these pages to get a rough idea of what your best legal structure might be. OCVA make no guarantees as to the accuracy of this information which is for illustrative purposes only.

Partnership

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

Trust

Limited liability no
Governing document deed
Can it issue shares? no
Can it pay a return on shareholdings? no
Does it have a regulatory body? not unless it’s a charity
Can it have charitable status? yes
Does it have an asset lock? not unless it’s a charity
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