A change up consortium made up of not for profit organisations wishes to set up a new company for charitable purpose, to take over the existing assets of a failing social enterprise and to run the successful business of the consortium on a more formal basis. Should it seek to set up as a company with charitable purposes and limited liability, or as a community interest company or a COI ?

They do not wish to be a charity, as many of the existing consortium members are charities already.

Also, are there standard mem and arts which they can use rather than having to write a new set themselves ?