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Types of Power Structure.
A two tier power structure is the basis of the
majority of legal forms, this consists of a small group of individuals who are
responsible for the day-to-day running of the organisation, often called a
board of directors, board of management, management committee or a board of
trustees, but are accountable to a wider group of individuals often referred to
as members or stakeholders.
Social enterprises may develop this structure in
numerous ways to suit their particular social enterprise, structures adopted by
most social enterprises divided into four groups: |
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Legal Structures:
Legal structures for social enterprises are
chosen so that it serves the social enterprises core purpose and values.
It depends on who the social enterprise considers to be its community and how
it wants the community (whether this means its staff, its customers or a
mixture of stakeholders) to influence or benefit from its activities.
Choosing a legal form is an important part of establishing a
social enterprise. Your legal form provides the framework for your
business, and it is important to set the rules correctly in order to make it as
easy as possible for your social enterprise to be successful.
Social Enterprises will generally decide to incorporate as
either Industrial and Provident Societies or Companies.
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Some charities are also Social Enterprises. Having charitable status has tax advantages,
however, there are regulatory constraints.
Charities are organisations that benefit the public and whereby all
profits are re-invested back into serving the charitable aims of the
organisation.
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Companies:
The governing instrument of the company is contained within
two documents;
The Memorandum of Association and the Articles of
Association.
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