New legislation removing unlimited liability of Cooperatives: a challenge to the Community Interest Company and others?

Please find attached an article in the Guardian related to new legislation (the Cooperative and Community Benefit Societies Act 2014) that appears to remove the historic burden of unlimited liability on Cooperatives; perhaps this will lead to a Renaissance of the Cooperative Society as an economic and social force?

The legislative changes will be reviewed in a separate blog.

http://www.theguardian.com/social-enterprise-network/2014/feb/25/cooperatives-mutuals-compete-law-commercial-competitors#start-of-comments

0.00 avg. rating (0% score) - 0 votes