Association
| Limited liability |
no |
| Governing document |
constitution |
| 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 |
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 |
OCVA make no guarantees as to the accuracy of this information which is for illustrative purposes only.
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