The instruction of community interest companies (CIC) provided organisations with new ways to view profit and community. Like any hybrid system, the aim was to match a combination of interests. However, a combination of interests rarely remains in balance. What… Read More ›
Bodies and minds need constant motion and stimulation to stay healthy. In this trying time, one or the other emphasis slips through the cracks. To compensate for more at-home time, many people look for opportunities to help their communities. No… Read More ›
For many, the idea of becoming a ruthless corporate tycoon is unpalatable. For those who dream of opening a business and making a difference, this image is too often seen as a triumph. Pushes in the past fifteen years have… Read More ›
Once upon a time, the roots of enterprise were deeply woven within communities. A business existed to benefit its place of origin as much as it did to enrich the world outside of its limited borders. This spirit remains today, though… Read More ›
Like so many things that a person sets out to build, the underlying structure and intent combine to create the final form. Some structures will help one aspect of the organization and hinder others. No structure is perfect and everything… Read More ›
If you’re considering setting up a social Enterprise that will benefit the community-at-large, you have two choices – a community interest company (CIC) or a charity. While both are designed to offer some benefit to others or the planet, they… Read More ›
The world of business entities can be quickly divided into three super categories: for-profit business, charities, and community interest companies (CICs). CICs straddle the line between a pure charity and a for-profit business. A CIC can make a profit, but… Read More ›
On 2 September, 2019, the Office of the Regulator of Community Interest Companies announced that most of the 17,000 CICs in the UK will be able to file their accounts online. “This on-line filing service can be used by small… Read More ›
When forming a CIC, there is a guideline that a CIC cannot transfer its assets except under special circumstances. It’s called an asset lock. Asset lock is one of the key features of a CIC. It’s this concept that governs… Read More ›
December is usually a very busy period at Companies house. it’s not advisable living it to the last minute. Plan early Start planning early for filing your cic accounts and make sure you know your company’s filing deadline. Check and… Read More ›