Edging towards incorporation

Memorandum and Articles of Association - ColalIfe
The ColaLife Campaign has achieved amazing things but the consensus of the Google Group is that it is time to incorporate for several reasons:

  1. To provide supporters, particularly potential funders, a mechanism to engage
  2. To enable ColaLife to inject further pace into the campaign which is totally dependent on Coca-Cola as the moment
  3. To enable ColaLife to engage in design and prototyping of the aidpod concept
  4. To enable ColaLife to bid to implement the ColaLife idea if we make it to the finals of Google’s Project 10 to the 100th

And there are other reasons too which are being incorporated in the Business Plan for ColaLife which has been under development for a couple of months.

We have been very fortunate to have Bates Wells & Braithwaite helping us with the incorporation on a pro bono basis. The Bates Wells & Braithwaite group of solicitors are located opposite St Pauls in London and has a huge reputation in the charity and social enterprise sector in the UK. We are indebted to Uday Thakker of Red Ochre for puting us in contact with Bates Wells & Braithwaite.

We are initially incorporating ColaLife as a (not for profit) Company Limited By Guarantee. This legal structure can have charitable status or CIC (Community Interest Company) status overlaid on it in the future if that is beneficial but such overlays are non-reversible.

I will be meeting with Erica of Bates Wells & Braithwaite tomorrow to sign all the papers for submission to Companies House.

Onwards and upwards.

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