Trading is the activity of buying and selling goods or services. Many charities trade products and services to help generate income which can subsidise other activities; for example, when a client or beneficiary is unable to pay for the full cost of a service they are receiving, sometimes they will set up a trading subsidiary to carry out the activity.
For more information:
- Sayer Vincent LLP: Trading issues made simple
- Sayer Vincent LLP: Subsidiaries made simple