Director and trustee responsibilities, governance, asset locks, confirmation statements and regulatory compliance.
Many people have an idea that could genuinely improve lives. It may be a youth programme, a wellbeing project, a training initiative, a community café, or a business designed to create positive social impact. But turning that idea into a… Read More ›
Many people want to build something that does more than generate profit. They want to create jobs, improve lives, support their local area, or solve a real social problem. If that sounds like you, setting up a Community Interest Company… Read More ›
Running a Community Interest Company often starts with a simple goal — to help a community, deliver a social project, or solve a local problem. But once the organisation begins operating, most directors eventually face the same question: “Can I… Read More ›
If you’re a director of a Community Interest Company (CIC), chances are you’ve paused at some point and asked yourself a slightly uncomfortable question:“Am I actually allowed to pay myself… and am I doing it properly?” That hesitation is a… Read More ›
Most CIC directors don’t start by asking how much they can pay themselves.They start by asking whether they’re allowed to be paid at all — and what might happen if they get it wrong. That hesitation is sensible. Paying yourself… Read More ›
Every CIC has a 12-month review period. At the end of this period, you’ve got 14 days to file your confirmation statement. The first period starts from your date of incorporation. After that, it runs 12 months from the date… Read More ›
If you run a Community Interest Company (CIC), chances are you’ve wondered: how do I actually pay myself without breaking the rules? One of the biggest myths is that directors can simply treat themselves as self-employed and invoice their own… Read More ›
Running a Community Interest Company (CIC) is about purpose — not profit. But even purpose-driven directors need to make a living. That’s where things get a little tricky. You might be asking: “Can I take a salary as a CIC… Read More ›
Introduction Running a Community Interest Company (CIC) means balancing your passion for making a difference with financial sustainability. One of the most common questions we hear is, “Can a CIC director get paid?” The short answer? Yes! But it must… Read More ›
As a director of a Community Interest Company (CIC), you might have questions about compensating yourself while staying within regulatory guidelines. CICs are unique because, unlike traditional companies, they are built to serve the community rather than generate profit for… Read More ›