Charities can be formed by a trust deed or they can be formed as a company limited by guarantee or as an incorporated association or a Charitable Incorporated Organisation (CIO). A CIO is a new legal form for charities that stops a charity’s trustees being responsible for its debts and was introduced with effect from January 2013. Charities often are exempt from tax making them attractive for tax planning purposes. If you want to form a charity, our charity solicitors within the private client team can advise you on the best structure and can also advise charitable trustees on their duties.
For more information or advice from our Charity Solicitors please contact us.