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Non Profit Organization

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  • 18-03-2021 4:53pm
    #1
    Joaodeoliveira
    Registered Users Posts: 6 ✭


    Hello,

    My and some colleagues are planning to open a non-profit professional association in Ireland.

    Its goal is to promote our profession and help fellow colleagues develop their skills and further their careers by providing access to relevant content and support.

    We cannot seem to decide between a Company Limited by Guarantee, an unincorporated association or a designated activity company (DAC).


    Could anyone shed some light and explain the advantages of each one or for which cases should each be used?


    Thank you in advance,


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    #2
    silver2020
    Registered Users Posts: 2,045 ✭✭✭silver2020


    Would you be open to being sued by someone who took advice from you?

    Yes - then a company

    No - then an unincorporated body.

    I suspect the unincorporated body is the most likely option. Examples would include school & college alumni organisations, which would be close enough to what you are looking at. Probably one of you went to a school that has an alumni group (primarily the fee paying schools), get onto the committee and you might get good direction for your own group


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    #3
    antoinolachtnai
    Registered Users Posts: 9,786 ✭✭✭antoinolachtnai


    A lot really depends on how much money is going to be raised in this thing and how extensive the activities are going to be.

    If you are less than 100,000 euros a year turnover and zero employees, and limited activities, then unincorporated association might be the way to go. If you are more than that, then it's legal and accounting advice time. No cheap way to do this unfortunately if you don't have the expertise in your group (and even if you do).


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