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 ›
cic formation
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 ›
How Many Directors Does a CIC Need?
Have you ever found yourself wondering, “How many directors does a CIC need?” If so, read here for an answer to that question and more information about CIC Directors. Are you considering opening a CIC? If you’re considering it, let… Read More ›
CIC Asset Lock: A Comprehensive Guide to Asset-Locked Bodies
As a community interest company (CIC) leader, it’s essential to understand the concept of the asset-locked body. An asset-locked body is an entity that has at least two shareholders—one with and another without voting rights. The CLA’s assets are “locked” in… Read More ›
The Do’s and Don’ts of Forming a CIC Company
Often when getting started with a project it’s easy to make mistakes. Few processes are truly intuitive and without direct and rapid feedback, one erroneous assumption quickly becomes many. Add to this the difficulty of streamlining processes so that they… Read More ›
CIC Formation: How to Register a Community Interest Company (CIC)
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 ›