Your guide to incorporation
The Scottish Charity Regulator (OSCR) has today (24th May 2017) launched guidance that provides charities with a range of information they might need to know before they start incorporating.
Incorporation is when an unincorporated charity (an unincorporated association or trust) wants to change their structure to a Scottish Charitable Incorporated Organisation (SCIO) or a Company. There are many reasons why a charity might want do this; the charity may want legal personality, employ staff or they may be looking to secure funding streams. A charity seeking to incorporate must apply to OSCR to create a new charity and apply for consent to wind up the existing charity. Once status and consent is granted, the ‘old charity’ can then transfer the assets and liabilities to the ‘new charity’.
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