Advice Services Alliance (ASA) has produced a briefing for trustees, managers and legal professionals in Not for Profit (NfP) organisations who may be affected by the Legal Services Act 2007 (LSA 2007).
It aims to introduce readers to a complex topic. This briefing is not a substitute for reading the relevant documentation nor does it constitute legal advice.
The LSA 2007 introduces new terminology which they highlight and explain. The briefing outlines:
• the Legal Services Act 2007
• the new regulatory framework
• Alternative Business Structures
• transitional provisions for NfP organisations
• the implications of being a licensed Alternative Business Structure
A copy of the briefing is attached and can also be found on the ASA website
