Your non-profit or charitable organisation was set up many years ago with the sole purpose of doing good and helping the marginalised or underserved. Your organisation has reached many beneficiaries and grown over the years. Is it time for your organisation to consider transitioning from a society to a company limited by guarantee? What are the pros and cons of this transition? What are the considerations to take this leap? Is this form of entity optimal for your non-profit organisation?
The panel will also discuss practical issues such as:
- Whether the Commissioner of Charities must approve the change from a society to company limited by guarantee
- What is the cost for transitioning to a company limited by guarantee
- What would happen to the society after the transition
Join moderator, Serene Gan as she speaks with Samuel Yuen (Managing Director, Yuen Law LLC), Peggy Yee (Member, Charity Council) and Francis Wong (Director, Strategy & Governance, Dementia Singapore Ltd) as they discuss the distinct advantages of incorporating a separate legal entity with limited liability.
This Charities Lean Forward Series webinar is a joint collaboration with the Office of the Commissioner of Charities and Pro Bono SG.
