I am in the process of setting up a non-profit organisation, and are torn between which legal structure to use: a section 21 company or a trading trust.
The problem I have with a section 21 is regarding settling loans (i.e. seed funding). Am I correct? Any other short-comings?
What are the pitfalls regarding a trading trust? And, what documentation is needed in order to set up a trust deed, and to register with the Master of the High Court?