ITC - Incorporation & Charity

Changes in Company Law: Companies Act 2006
The Companies Act 2006 was created to update existing company law and consolidate it in one Act. It is the longest act of parliament ever drafted. Fortunately for most ITC companies the bulk of its provisions relate to companies with share capital. This helpsheet provides guidance on the few changes that are likely to affect ITC Companies Limited by Guarantee.

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Changes to Charity Law 2008
This helpsheet explains where the Charities Act 2006 may impact on ITC organisations that have charitable status.

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Closing or re-structuring your organisation
Recent rounds of funding cuts have forced some performing arts organisations to consider re-structuring or even closure. There are many legal issues that need to be considered before a final decision is reached. This helpsheet introduces some of the key topics and advises on where to find more detailed guidance.

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Community Interests Companies

Two planks and a passion used to be all – apparently - that were needed to become a performing arts organisation. Nowadays it is a little more complicated than that. If you are seeking public funding, or if you just want your organisation to continue and grow, you will need to consider your organisation structure. This helpsheet considers whether a new structure, the Community Interest Company (CIC), is of benefit to performing arts organisations.

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Company Directors and conflicts of interest
A conflict of interest is any situation in which a Company Director’s personal interests or interests that they owe to another body might clash with the interests of the Company.

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Forming a company and charitable status
Most performing arts organisations will need to consider becoming a formal limited company and sometimes a charity.This helpsheet provides initial guidance on how ITC can help with these processes.

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Organisation Structure
From sole trader to limited company: this helpsheet looks at the options for operating your performing arts organisation.

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Why be Charitable
There is an assumption that becoming a charity is a given for an arts organisation, because everyone else is. However, this is not always essential and it is not necessarily desirable. This article, first published in "Arts Professional" examines the pros and cons of charitable status for arts organisations.

Please note that there have been changes in Corporation Tax law since this article was published and there are no circumstances where non-charitable companies can avoid payment.

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