Funding 4 Sport regular gets asked by those looking to set up community groups and not-for-profit organisations about what are the various types of community groups and not-for-profit organisations and which is the best for an organisation or group to set up as to gain funding.
There are different types of business structure, sole trader, partnership or limited company, LLP, PLC or Guarantee Company, however, funders will only fund different types of business’s e.g. most won’t fund sole traders or Private Limited Companies.
The following webpage by the Resource Centre explains what a not-for-profit organisations is and provides a simple explanation of the different types of not-for-profit organisation, and what to consider when choosing a legal structure.
The National Business Register also provides useful information on this. To find out more click here; https://www.start.biz/siteinfo/more