Guidance on setting up and registering a Community Interest Company, CIC36 forms and incorporation requirements.
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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
It has been 14 years since the UK government first introduced community interest companies (CICs). CICs are very popular among social entrepreneurs who want to use business to help their local community. You can read one of our earlier blog… Read More ›