[Talk-GB] Next UK chapter concall

Jez Nicholson jez.nicholson at gmail.com
Wed Jan 27 09:02:04 UTC 2016

Does anyone know a friendly accountant?

A CIC pays tax on profits just as any company does. You may have to pay
corporation tax on membership fees, donations, etc. 'income' that isn't
spent, aka 'trading profit'.

On Tue, 26 Jan 2016 at 23:14 Rob Nickerson <rob.j.nickerson at gmail.com>

> Brian wrote:
> >On legal structures, please read Rob's excellent summary before the
> >concall. I've read it and my conclusion so far, and I'm still not clear on
> >some things, is that we shouldn't go for unincorporated society (unlimited
> >liablity for officers) or charity (we don't have a charitable purpose and
> >the legal strictures are a bit more complex than we'd want). From the rest
> >I think company limited by guarantee (that's what OSMF chose) suits us
> >best. Not sure yet whether CIO or CIC, given that we'd be non-profit, are
> >worth considering.
> Thanks Brian. I found time to look again at CIC's today and have updated
> the document and wiki [1]. They are limited companies with extra features.
> The extra features mean more paperwork (although apparently not too much
> more) but send a clear message that we are for community benefit not
> personal gain.
> A CIO is essentially a "Charity-light" in that it only needs to register
> with the Charity Commission and not Companies House as well (as a
> Charitable Company does). I'm not sure how much annual overhead and
> legalise this removes. We still would need to meet the Public Benefit Test
> (and presumably obey Charity Law).
> Will discuss on the concall.
> *Rob*
> [1] https://wiki.openstreetmap.org/wiki/UK_Group#Structures
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