Most CIC directors do not ask, “Can I afford to pay myself?” They ask something far more uncomfortable: “Am I actually allowed to?” Because running a Community Interest Company is different from running a normal business. The moment you take… Read More ›
A Companies House email lands in your inbox. Your stomach drops instantly. “Your confirmation statement is overdue.” Suddenly, your mind starts racing. If you are a first-time Community Interest Company director, this moment can feel incredibly stressful. And the truth… Read More ›
Most new CIC directors believe they have plenty of time before their first accounts need to be filed. That assumption causes more compliance problems than almost anything else. Because the reality is this: Many first-time founders misunderstand the first CIC… Read More ›
CIC Company Formation: What You Must Do Before You Apply Starting a business with a social purpose is exciting. You may already have the idea, the mission, and even support from your community. But before you rush into submitting your… Read More ›
A Companies House email appears in your inbox. Your heart sinks. “Your confirmation statement is due.” For many first-time Community Interest Company directors, this is the exact moment panic starts creeping in. You suddenly begin asking yourself questions you never… Read More ›
Most CIC directors think the difficult part is over once the accounts are finished. Then they discover the CIC34 report. And suddenly the questions start: This catches out more Community Interest Companies than most people realise. Because the CIC34 report… Read More ›
You log into Companies House expecting to “quickly deal with the accounts” — and suddenly realise the filing deadline passed days ago. Or weeks ago. That sinking feeling is something many CIC directors experience, especially in the first year. Because… Read More ›
Most people think forming a CIC is just a case of filling in a few forms online and waiting for approval. That is usually where the problems begin. Because the truth is this: Many first-time founders rush into CIC formation… Read More ›
You finally register your CIC. You receive your Companies House certificate and your incorporation documents arrive. You are excited to launch your project, apply for grants, start helping your community, and begin operating properly. Then the problems begin. The bank… Read More ›
Most CIC directors think they are doing the right thing when they start paying themselves. They take a modest salary. They occasionally invoice the CIC to “keep things simple”. They delay payroll until funding improves. Or they assume that because… Read More ›