What’s the best structure for my startup?
When asked what structure to use, we like to apply several key principles and ‘rules of thumb’ to get the right answer.
When asked what structure to use, we like to apply several key principles and ‘rules of thumb’ to get the right answer.
We are commonly asked what’s the best structure to use when setting up a new charity or other ‘not-for-profit’ (NFP) organisation. While incorporated associations and public companies limited by guarantee are often suitable, they are not the only options, and there is no easy ‘one size fits all’ answer.
So you’ve just come up with a great business concept, given it a test-drive among your family and friends, and now want to go to the next stage. What do you do? You need to put together the ‘playing field’ for your venture. In other words, you need a ‘business structure’.