Very late to this, but just adding that incorporating in Australia is relatively easy and inexpensive too (~$500 AUD, 15-20 hours). Ongoing compliance burden is low, and incorporating as a ‘not-for-profit limited liability company’ provides good legal protections.
The biggest downside is the limitations on the activities able to be undertaken by any charity, and if your charity is tax-deductible—the range of activities you can undertake is very much constrained.
We have similar restrictions on non-profits in the US. (Under US regulations not all non-profits are charities, but most are.) One option is to just do the same thing as a for profit entity, however, shareholders can sue if you aren’t making decisions based on making profits.
Very late to this, but just adding that incorporating in Australia is relatively easy and inexpensive too (~$500 AUD, 15-20 hours). Ongoing compliance burden is low, and incorporating as a ‘not-for-profit limited liability company’ provides good legal protections.
The biggest downside is the limitations on the activities able to be undertaken by any charity, and if your charity is tax-deductible—the range of activities you can undertake is very much constrained.
We have similar restrictions on non-profits in the US. (Under US regulations not all non-profits are charities, but most are.)
One option is to just do the same thing as a for profit entity, however, shareholders can sue if you aren’t making decisions based on making profits.