Forming a Community Interest Company (CIC) is a popular choice for individuals and groups with a passion for social change. A CIC provides a legal structure that ensures your business benefits the community while still allowing for the generation of… Read More ›
Questions & Answers: How to Form a Community Interest Company (CIC) A community interest company (CIC) is a corporate structure that creates a corporation that is designed for the community good. This blog will guide you through some of the… Read More ›
Are you passionate about making a positive impact in your community? Establishing a Community Interest Company (CIC) might be the perfect way to bring your vision to life. In this comprehensive guide, we’ll walk you through the essential steps of… Read More ›
Every CIC must have directors. Directors have statutory obligations they must meet. As vital parts of the structure and operation of a CIC, it’s important to understand what directors do, how many are needed in a CIC, and the specific… Read More ›
Converting a limited company to a community interest company (CIC) is a decision that shouldn’t be taken lightly. It’s a process that takes time and effort. It’s also something that’s not easily reversed. That said, Companies House has provided a… Read More ›
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 ›
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 ›
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 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 ›
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 ›