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Comprehensive advice on collaborations and joint ventures
We advise charities on the process and relevant considerations of establishing a wholly-owned trading company. We draft the Articles of Association and advise on the composition of the board of directors, as well as the inter-relationship between the trading company and the charity.
Incorporation of the trading company at Companies House is often the beginning of the process – the start up phase often requires legal input in relation to reporting, decision-making and dealings with others.
Key services and issues
- Legal requirements
- Articles of Association
- Dealings with Companies House
- Inter-relationship with charity
Welcome to our autumn/winter 2018 edition of Hempsons’ Charities and Social Enterprise Newsbrief.
In a landmark decision the Competition and Markets Authority (CMA) has approved the merger of Central Manchester University Hospitals NHS FT and University Hospital of South Manchester NHS FT.
It was something I heard debated around the time the Social Value Act was being put together: an earlier draft of the legislation had included a definition of ‘social enterprise’ with the idea being that only social enterprises (with a capital ‘S’ and a capital ‘E’) could benefit. However, this was ultimately rejected in the parliamentary process leaving open the possibility that anyone who wanted to (even the private sector) could offer social value as part of a public sector procurement process and get the same credit for it as a CIC or a charity or someone else traditionally seen as part of the ‘not for profit’ sector.
“Trust Matters”. These are the bywords of the Charity Commission for its recent report on public trust in charities, issued in July.