The appropriate business structure that is popular among sporting clubs and not-for profit organisations such as charities and social groups is:
A)a public company whose capital is limited by shares
B)a public company whose share capital is limited by guarantee
C)a public company which are no-liability companies
D)a public company whose share capital is unlimited.

Question

Quizplus · Accepted Answer

The most appropriate business structure for sporting clubs and not-for-profit organizations such as charities and social groups is a public company whose share capital is limited by guarantee. This structure provides limited liability for the members, who only commit to paying a certain amount if the company is wound up. This ensures that the organization is protected, and the members are not personally liable for any debts of the company. This structure also allows for the organization to apply for charitable status and receive tax benefits.

The Appropriate Business Structure That Is Popular Among Sporting Clubs