to be lock companies. adopted). Charitable Incorporated Organisation (CIO) First Similar to Yes; Members: no. Yes. Cannot be Scotland: company but members Charity anything separate corporate with different either trustees: only but a (but structure terminology have no if constitution, charity, similar) specifically (e.g. for liability or court or and must legislation designed read limited Charity meet the and “directors” for liability. Commission criteria for Regulator. “charity charities. trustees”). Will permit. being a Northern only be charity. Ireland: registered with legislation Charity not yet in Commission
to be companies. lock adopted). Charitable Incorporated Organisation (CIO) First corporate structure specifically designed for charities. Similar to company but with different terminology (e.g. for “directors” read “charity trustees”). Will only be registered with Charity Commission Yes; members either have no liability or limited liability. Members: no. Charity trustees: only if constitution, court or Charity Commission permit. Yes. Cannot be anything but a charity, and must meet the criteria for being a charity. Scotland: separate (but similar) legislation and Regulator. Northern Ireland: legislation not yet in