Who owns the Club
62 replies
mickysf replied on 01/01/2020 07:20
Oneputt replied on 01/01/2020 08:04
Posted on 01/01/2020 08:04
I imagine (only a guess) that the club is a company limited by guarantee Most guarantee companies are not-for-profit companies - that is, they do not distribute their profits to their members but either retain them within the company or use them for some other purpose.
The main reason. to be a company limited by guarantee is to protect the people running the company from personal liability for the company's debts, just as a business may be set up as a company limited by shares for the same reason.
Again I'm guessing that if CC ltd went under the assets would be sold off to service any debt but not sure what would happen to any residue
brue replied on 01/01/2020 09:18
Posted on 01/01/2020 09:18
If you scroll down to the bottom of the page you'll find "about us" or click on further links to find the same subject. In this area are the articles of association which describe how CAMC operates this includes the finance operations and procedures. About us also includes the club history etc.
1 person likes this
DavidKlyne replied on 01/01/2020 10:28
Posted on 01/01/2020 10:28
chasncath replied on 01/01/2020 11:23
Hakinbush replied on 01/01/2020 13:11
Cornersteady replied on 01/01/2020 13:21
Tinwheeler replied on 01/01/2020 13:21
Freddy55 replied on 01/01/2020 15:18
Posted on 01/01/2020 13:21 by Cornersteadywe're silent partners
fatbelly
Motorhomer