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SEGHU
All Structures
Legal Structure

Community Benefit Society

A society registered with the FCA that conducts business for the benefit of the community. Can issue community shares and apply an asset lock.

Key Characteristics

  • One member one vote
  • Can issue community shares
  • Asset lock available
  • Minimum 3 founding members

Advantages

  • Community share offers
  • Democratic governance
  • Strong community connection
  • FCA registration gives credibility

Limitations

  • FCA registration complexity
  • Cannot distribute profits beyond share interest
  • Limited investor returns
  • Requires active membership
Regulator: Financial Conduct Authority (FCA)
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Organisations using this structure