is membership-based initative a better option

I work in the development finance sector. We are debating on how best to create a sustainable community organisation that would mantain anbd benefit a sizeable number of families in a location (rural or wherever else). It is a 'fair business' proposition that would also have an upper cap on surplus it can generate. The surplus will never be distributable as profits / dividend or like but will be to strengthen the organisation.

But at same time, we do not appreciate not-for-profit formats for two reasons (a) ownership is vague and (b) accountability is self-imposed and is limited by its demerits. We find section 25 company a good alternative but are not sure.

Implementable  and procedurial advise is most sought.





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