Are Community Shares right for you?

Explore whether community shares might be right for you

The purpose of a society is wholly different from that of a company. Company law grants full rights over the enterprise to shareholders, underlining its central purpose, which is to make profits and generate wealth for the owners. Societies are different. Community benefit societies are obliged by law to conduct business for the benefit of the community, and all profits must be used for this purpose. Co-operative societies are allowed to distribute some of their profits to members, but they must not conduct their business “with the object of making profits mainly for the payment of interest, dividends or bonuses on money invested or deposited with, or lent to, the society or any other person.”

We can support you to:

Explore whether community shares might work for you
Create an action plan and timeline
Convert to a Society model using nationally recognised model Rules, where necessary
Develop a membership strategy and/or membership offer to proceed a share offer.

Our Community Shares Product Area Team Leader is Hilary Sudbury: This email address is being protected from spambots. You need JavaScript enabled to view it..