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Co-Operative

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  • 15-11-2012 5:46pm
    #1
    Burd100
    Registered Users Posts: 5 ✭


    Afternoon!

    Anybody got any information on how to go about setting up/structuring a co-op? It's for a community group, the purpose of which is to record local folklore.

    THe ultimate aim is to register the group as a charity after the co-op is formed.

    Appreciate any guidance....


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    #2
    lucky john
    Registered Users Posts: 838 ✭✭✭lucky john


    http://www.icos.ie/members/cultural-community-leisure/

    There is generally a business dimension to what they do but it might be of interest to you.

    You local Community Development people might help as well.


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    #3
    Peterdalkey
    Closed Accounts Posts: 2,091 ✭✭✭Peterdalkey


    Burd100 wrote: »
    Afternoon!

    Anybody got any information on how to go about setting up/structuring a co-op? It's for a community group, the purpose of which is to record local folklore.

    THe ultimate aim is to register the group as a charity after the co-op is formed.

    Appreciate any guidance....

    OP it may be of some help to differentiate between a co-op, a charity and a not for profit organisation.
    A co-op is for sharing costs and profits for the benefit of the members. A charity is for the distribution of benefits to those in need of same on a non profit non- commercial basis. A not for profit company is generally the model used for community groups and sports clubs with specific non- commercial goals community services, enjoyment of sports etc etc. They generally have the style of a co-op with members each having one share only each and a clear statement of the non profit motive in the objectives in the memo and articles of association. They are non- taxable but require Revenue approval.
    I expect the latter structure or a version thereof is what you ate looking for.

    You can get more information by visiting The Companies Office www.cro.ie and the Revenue www.revenue.ie.

    Cheers

    Peter


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    #4
    Burd100
    Registered Users Posts: 5 ✭Burd100


    Thanks so much for those replies..

    Can a co-op or NFP acquire charitable status(for donations purposes)?

    Thanks!


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    #5
    Peterdalkey
    Closed Accounts Posts: 2,091 ✭✭✭Peterdalkey


    Burd100 wrote: »
    Thanks so much for those replies..

    Can a co-op or NFP acquire charitable status(for donations purposes)?

    Thanks!

    An NFP certainly can but revenue approval needed.

    Cheers

    Peter


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