What is the best legal entity for my organisation?

Some of the key factors that should affect your choice of organisational structure include:

  • Simplicity – some organisations are informal, whilst others require registration and regulation.

  • Cost – although a few structures involve the payment of an application fee, preparation of all of the required documentation can (for some) become a drain on resources.

  • Speed – some structures can be created overnight, others may take months to become operational.

  • Privacy – only a limited number of structures can be kept completely private (subject always to any tax obligations) whilst others require regular publication of reports and accounts.

  • Profits – some structures allow for the distribution of an organisation’s profits to its members, whilst others are obliged to retain their profits (or surpluses) for future use.

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