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Should I set up the charity now?

We understand that if the Academies Bill currently being considered by Parliament is passed then the Department will require you to establish a limited company and then, on signing a funding agreement with you (post Business Plan), you will be made an 'exempt charity'. Exempt charities are exempt from having to register with, and are not regulated by, the Charity Commission. So it is not necessary for you to apply to be a charity now.
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