London BID Toolkit Steps

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7. Incorporation
Has the partnership incorporated into a legal entity?
Up to 18 months before ballot
  • According to the legislative basis of BIDs, it is not actually essential to create a legal entity for a BID. Technically the BID levy could be administered through the local authority. However, in the spirit of developing an independent, business-led partnership it is highly desirable to set the BID up as a company
  • The partnership needs to debate and agree the principle of whether it is going to incorporate in its own right or indeed operate within a wider organisation
  • If the board agrees to incorporate it needs to achieve board resolution to establish a company
  • It is then necessary to undertake all the tasks associated with setting up a company
  • To date all BIDs have chosen to set up as a not for profit company limited by guarantee
Downloads
Click on the links below to directly access the downloads
Guide to setting up a company
Guide to setting up a company
Memorandum and Articles of Association
Download File size 32.42 KB
Memorandum and Articles of Association
Download File size 50.14 KB
Memorandum and Articles of Association
Download File size 194.4 KB
Establishing the BID company
Download File size 187.65 KB
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