Company Limited by Guarantee
| Limited liability | yes |
| Governing document | articles |
| 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? | yes |
| Does it have an asset lock? | not unless it’s a charity |
Read more about Company Limited by Guarantee
Charitable Incorporated Organisation (CIO)
| Limited liability | yes |
| Governing document | constitution |
| Can it issue shares? | no |
| Can it pay a return on shareholdings? | no |
| Does it have a regulatory body? | Charity Commission |
| Can it have charitable status? | yes |
| Does it have an asset lock? | yes |
Read more about CIOs
Industrial and Provident Society (Community IPS)
For the benefit of the community
| 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 Conduct Authority ?? |
| Can it have charitable status? | yes |
| Does it have an asset lock? | it doesn’t have to |
Read more about IPSs
OCVA make no guarantees as to the accuracy of this information which is for illustrative purposes only.
