[cma-l] Charity limited company

[London Chinese Radio]

Hi Claire,

A charity limited company is a body corporate. I can't see why Ofcom would
object to you transferring the license to a charity limited company,
although best to check.
It's a bit silly they ask you to ask the CMA what the companies they license
do ... they should know!
It's like a lawyer asking you to contact the Citizen's Advice Bureau to find
out what the law is... how unhelpful can you get?

If you want to set up charity to attract charitable funding, you can have
that kind of arrangement, and use the company as a trading arm for the
charity. There are advantages with VAT for charities too.

Most CMA members are limited companies, so I seem to remember, but some are
charitable companies and some are CIC's. But Ofcom, of all organisations,
should be able to give you that information!

Hope that helps,

Best,

Peter



On Sat, Sep 10, 2011 at 9:33 AM, claire penketh
<clairepenketh at yahoo.co.uk>wrote:

>  Stroud FM, currently a company limited by guarantee, is thinking about
> becoming a charity limited company. Had a quick chat with OFCOM re
> implications for our licence, which is held in the name of Stroud Community
> Radio Limited and they said that we will have to keep the current ltd
> company and set up the charity alongside, because the charity isn't a body
> coperate. Then they suggesed I ask the CMA what other members do, so here I
> am. However, I think a charity limited company is a body corporate? But, if
> the licence is held by Stroud community Radio limited, does that mean we
> still have to keep the company, or could the licence be transferred to the
> charity limited company?
>
> Yours, confused.
>
>  Claire Penketh, Stroud FM
>
>
>
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-- 
野火烧不尽，春风吹又生
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