Charitable Incorporated Organisations

more+
less-

A Charitable Incorporated Organisation (“CIO”) is a new legal structure created specifically for charities. Adopting this structure will enable any charity to secure the benefits of incorporation but, once incorporated as a CIO, registration will be with the Charities Commission (the “Commission”) and not Companies House and CIO’s will be wholly regulated by the Commission under the Charities Acts.

This is a new development because, until now, there has never been a specific structure for legal incorporation of charities, so that, if a charity were to incorporate under present regulations, this can only achieved as a company under the Companies Act legislation. That alternative arrangement will continue for charities, including those already incorporated, but the new status will allow both charitable companies and unincorporated charities to convert to a CIO and therefore to obtain this new separate legal status.

Read More:

LOADING PDF: If there are any problems, click here to download the file.


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Richard Milner | Attorney Advertising

Written by:

more+
less-

Richard Milner on:

JD Supra Readers' Choice 2016 Awards
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×