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 ?

I am on the board of an arts organisation and we are about to embark on major review of our mem and arts. Have heard about the new CIOs and wonder if we should wait and consider adopting this new structure. We want to know if you can transfer to CIO from Company Limited by Guarantee?

With regards my previous question on European Economic Interest Groups - many thanks Charlie for your response. Would you be able to help us further please and explain exactly what information is needed (both from ourselves as well as our European partners) in order for us to draw up the formation contract? Thanks in advance.