We are a small private organisation which owns and manages nursing homes. We are anxious to set up a charitable foundation to primarily support clinical research initiatives on behalf of our clients. My question is two fold -
1. Because we are a private company are there any legal, revenue or other reasons which may prevent us from setting up such a charitable foundation?
2. What type of legal structure would we be best to pursue -we were thinking of a company limited by guarantee and not having a share capital??