Small Woodland Owners' Group

legal entity for group purchase

Paperwork, grants, legal issues

legal entity for group purchase

Postby RickW » Wed Sep 24, 2014 10:24 am

I'm a new member, and would be grateful for advice on the best legal vehicle for purchasing a wood. We are a group of about 20, looking at buying a local 20 acre wood.
Options seem to be:
limited company
Community Interest Company (CIC)
Co-operative Society
Community Benefit Society
Unincorporated Association

Any advice welcome!

Posts: 2
Joined: Wed Sep 24, 2014 5:26 am

Re: legal entity for group purchase

Postby ballibeg » Wed Sep 24, 2014 4:15 pm

Where are you? Community purchasing in Scotland but convoluted bit generally state pays!

I like Ltd company. 1 share each at 1/20 of purchase price. Shares can be sold if folk move away etc.
Posts: 62
Joined: Fri Aug 30, 2013 6:29 am

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