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Not For Profit
otismotis
Posts: 2 Newbie
Can anybody help me to find the best vehicle to achieve my aim please? I want to formalise a small dog rescue facility run from my home so that I can fund raise, but do not want to reg as a charity and lose control. I will use all funds to further the rescue of more animals and although I run my own business also dog related, want to keep that separate. I have read about various models but which is the best for me?
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Can anybody help me to find the best vehicle to achieve my aim please? I want to formalise a small dog rescue facility run from my home so that I can fund raise, but do not want to reg as a charity and lose control. I will use all funds to further the rescue of more animals and although I run my own business also dog related, want to keep that separate. I have read about various models but which is the best for me?
Take expert advice. The internet is not the best place for this.
You could simply run it as a sole trader. Charge less than it costs and it won't be for profit ... or give any surplus generated away to further the rescue of more animals.
Or you could register it as a not for profit company.0 -
Why would registering it as a charity make you lose control?Eat vegetables and fear no creditors, rather than eat duck and hide.0
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Thanks Phil 99 I would lose control if I ran a charity as I would have to engage trustees, who would ulitmately have control of the decision making process and I could not be one as I have the skills to do the rehab and rehome work.0
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I don't think that you understand the role of trustees. They won't be involved in the decision making concerning animal welfare, reforming eye. They are set up much like governors of a school and are there to ensure that the charity is run correctly. You as the Chief Executive of the charity are the one the makes the routine and managerial decisions. I think you have been misinformed.Eat vegetables and fear no creditors, rather than eat duck and hide.0
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Have a look at the Social Enterprise UK website Social Enterprises are usually not for profit (not always) and are run for a social purpose.
If you're in Scotland there is a lot of free support available. See here
As for business model - look at Community Interest Companies and Companies Ltd by Guarantee - both commonly used in the not for profit world when it's not a charity. However, I'd also explore charitable status - sometimes there are a lot of hoops to jump through, but the tax breaks can make it worth it.0
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