Requirements
- Flexible membership
- Assurance of non-profit aims for members and landlords
- Division of capital on dissolution
- Ability for members to make loans
- Able to charge membership fees
Structures
Limited Company
- Companies House
IPS Co-operative (Housing)
Legal Framework
- Co-operative and Community Benefit Societies Act 2014
Regulation
- http://www.fca.org.uk/ costing £40
Duties
- Annual accounts (non-audited)
Replaces:
- 1965, 1967, 1975, 1978 and 2002 Industrial and Provident Societies Act
- Friendly and Industrial and Provident Societies Act 1968
- Co-operatives and Community Benefit Societies Act 2003
- Co‑operative and Community Benefit Societies and Credit Unions Act 2010
Creation
Registration
- http://www.fca.org.uk/ costing £40
Bank Accounts
Natwest Small Business Bank Account
Fees : 2 years free banking
Requirements : Unincorporated Club mandate
Businessline follow-up: 03457 11 44 77 New Business: 0800 206 1962