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)
Take the Structure Assessment