F. Charitable Incorporated Organisation (CIO)
Q6.1 What are the benefits of becoming a CIO?
A. A CIO gives the church legal personality, allowing it to own property, enter contracts, and bear liabilities directly. This limits personal risk for trustees.
Q6.2 What are the downsides?
A. Conversion is time-consuming and costly. It often involves legal fees and administrative complexity, especially in transferring property.
More info: FIEC CIO Guidance
