Legal Structures
RRAAF aims to constitute as an ‘incorporated’ legal entity shortly after its Founding Symposium in 2016. RRAAF should choose a legal structure which provides: • An organisational entity which can sign contracts and handle large flows of money while limiting the financial and legal liability of members should anything go wrong. • A legal framework suited to raising large sums of money (i.e. acceptable to funders and banks and ideally able to raise its own funds through share offers). • An ‘asset lock’ preventing use of RRAAF funds and property for private gain. There are many possible legal structures RRAAF could adopt, the best candidates being a Company Limited by Guarantee, Community Interest Company, or a Community Benefit Society. These are described in detail in the Resources Document which accompanies this Report.
SCOPING REPORT FOR THE RADICAL RENEWABLE ART + ACTIVISM FUND
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