If you are considering setting up a studio or gallery space with a group of artists, you may find it easier if you agree some rules or terms within which you will operate.  These may be informal, but they should be written down.  As soon as money is involved, the clearer these rules are the better, so that everyone knows what their role and responsibility is.  These rules may take the form of a legal document, or a written constitution, and there are several different formal and legally recognised structures which organisations can adopt as they grow.  These include co-operatives, limited companies and trusts.  A range of possible structures which a group could work under are set out below, together with some of the pros and cons of that option. If you need more guidance there is a list of organisations at the end of this note that will be able to help you further.

These notes are not a substitute for free or affordable legal advice or for consulting a legal advisor.  If you intend to enter into a legally binding constitution, you should take professional advice.