9/16/2023 0 Comments Office sharing![]() ![]() Professional advice will help determine what level of investigation is appropriate. A due diligence exercise helps organisations find out about partners' potential liabilities so that they can judge whether to go ahead. Like other types of collaborative working, setting up shared back office services takes time and effort. This may be appropriate where there are significant financial or liability risks involved in starting new joint work.Ĭreating a separate organisation formalises the way that the shared work is managed, meaning that none of the partners should benefit unfairly from the advantages or suffer disproportionately from the disadvantages possible when sharing services. Some organisations set up new organisations so that they can separate the collaborative working element from the continuing activities of each charity. The new organisation may be a trading company governed by a Memorandum and Articles of Association, with a shareholders' agreement or a joint venture agreement ensuring that Trustees maintain control. The clients who pay for services may be organisations from the voluntary, public or corporate sectors.
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