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Working for a better small business community
Pre Start-up
Planning and preparation to start
Social Enterprise: Business on a Social Mission
| | Tip#9 How do I structure a social enterprise?
There is no single legal model for social enterprises - they can adopt a wide variety of structures and formats within the definition of them.
As such, many agencies and bodies have created a 3-point ‘check-list’ in deciding if an organisation qualifies as a social enterprise:
the principle purpose of the enterprise is to create or effect a socially beneficial purpose;
it achieves this through commercial trading activities;
the profits generated are ‘locked in’ to the company for re-investment through an asset lock and restrictions on how it is able to distribute annual profits to private individuals (shareholders)
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