Home › The Just Act Forum › Ask a question… › Community Right to Bid – Should we set up a charity or a CIC? › Reply To: Community Right to Bid – Should we set up a charity or a CIC?
For such a short term holding there is a lot of bureaucracy and expenses involved in setting up a CIC or Charity/LTD co… etc and then winding them up again. That said a CIC is the probably the quickest, the charity commission would take much longer. There is a lot of Land Registry bureaucracy too these days with ID checks on directors, cost of a valuation for fees, then there is business bank a account to open…. laborious these days. But there are other options…
Clearly you can’t hold the land as an unincorporated organisation but could some other local incorporated community body hold it in trust for you? 2-3 individuals could also hold it in trust. If it is to be used for sports there are sports association that would hold the land for you.
Think about a trust. It could be simpler for a short-term project like this.
One other point. Are you sure the council will take it on? Many are into asset transfers these days looking to give things to the community to run, maintain and insure.
Maybe talk to these folk for advice http://www.fieldsintrust.org/
look into community land trusts too. http://www.communitylandtrusts.org.uk/ They are not just about building houses, the legal structure might suit you better if you do go down that road.