Establishing an organisation requires many prerequisites. To start a school, you have to first choose between a trust or a society. If you are confused between the two and stuck at this stage of planning, this blog is for you! We will discuss the advantages and disadvantages in the ‘Trust vs Society’ debate, and help you decide what’s best for your organisation.
Some forms of organisations are created to provide services to their members rather than merely make a profit. Two such organisations are trusts and societies. A trust is a legal bond between two parties where one party holds property for another in complete confidence. In comparison, a society is an association of parties who jointly fulfil a common purpose mentioned under The Indian Societies Registration Act of 1860.
If you are someone who wants to put aside a portion of your earnings for a special cause or for the welfare of the society, here are some advantages and disadvantages of a charitable trust.
Now let us look at what a society is and how it works. It refers to a group of individuals collaborating for a common pursuit. It aims to support scholarly, charitable or scientific work.
A trust or a society, whichever you choose, make sure it is the perfect choice for your ideal cause and helps you reach your desired goal. If you are still wondering whether to build a trust or a society for the school, we would be glad to assist you at every step. For more information, check out www.nextschool.in
Preschool education is a crucial foundation for a child's overall development, and the demand for…
Increasing enrollment is the primary concern for all schools. It is, however, not an easy…
In today's fast-paced world, the significance of early childhood education cannot be emphasized enough. It…
The new education policy, NEP 2020 talks about major transformational reforms in the Indian academic…
Starting a school has many crucial tasks associated with it. If you often wonder how…
The education landscape in India has undergone a significant transformation with the implementation of the…