What would a sports club have to gain by restructuring as a private limited company in the type above?
I see that it is fairly common, but is there a specific reason for it? Why would a club like this require such 'legal status'? I expect that they would have to mirror the club constitution in the articles.
I am just interested in the rationale......Does it protect the members perhaps in the event of the winding up the club?? Not sure it affects 'charitable status' application, voting rights. financing etc etc......so why???
I found a decent answer on the web.....it seems that it IS to protect the members more than anything else as well as having a bit more 'status' with things like financing, dealing with other bodies etc. Having read this, the question should be 'why haven't they already??'!! : )
