We get this question a lot: Does a CIC need articles of association? The short answer is yes. The long answer is… part of this blog. Let us walk you though what you need to know. The two primary documents… Read More ›
Does a CIC have to have an asset lock?
Are you a prospective Community Interest Company (CIC) or current CIC director looking for answers to whether your organization must have an asset lock? If so, this blog post is for you! Overview of the Purpose of a CIC and… Read More ›
CIC limited by guarantee or limited by shares. Which one is best?
Some individuals believe that social enterprise is the future of business. There may be some basis for that argument given the resilience these types of organisation have shown during the economic challenges of recent years. As campaigners continue to petition… Read More ›
What is a community interest company – and how do you set one up?
What do you need to set up a CIC? A community interest company (CIC) is a business setup to deliver value to the community, not simply profits to shareholders and owners. A CIC is more than a business to help… Read More ›
Who is the regulator for CIC’s?
The office assigned to regulate CICs is named, creatively enough, the Office of the Regulator of Community Interest Companies. “The Office of the Regulator of Community Interest Companies decides whether an organisation is eligible to become, or continue to be,… Read More ›
Converting a limited company to a cic
Converting your limited company to a community interest company (CIC) can have some advantages and, of course, some disadvantages. The primary reason that someone would want to convert a limited company to a CIC is to align their corporate model… Read More ›
What are the advantages of setting up a community interest company?
Setting up a Community Interest Company (CIC) has many advantages over either being a normal corporation or setting up a charity. A CIC is a hybrid between companies and charities in that it’s a company with a social mission, but… Read More ›
Community Interest Company Formation (CIC) and Registration Process
If you’re interested in incorporating a CIC, look no further. This will guide you through the CIC company formation and registration process. Community Interest Companies (CIC) were first created in 2005. Since then the number of CICs registered in the… Read More ›
Application to Form a Community Interest Company. What is CIC36 form?
What is CIC36 form? It’s a necessity for any social enterprise that wants to structure itself as a community interest company. All CICs need to fill out the CIC36 form and submit it to the Regulator of Community Interest Companies…. Read More ›
Why Form a CIC Company? – The Community Interest Test
The amount of people a social enterprise can reach is greatly affected by the type of organisation they choose. Their options come down to forming a registered charity or CIC company. Depending on the type of impact you want to… Read More ›