Thinking of setting up a CIC? Take a look at our recent webinar
Are you thinking of setting up a Community Interest Company (CIC)? If so, you may be interested in watching our recent webinar on the subject.
In the webinar, we cover everything you need to know about CICs, including:
- What is a CIC?
- What are the benefits of setting up a CIC?
- How to set up a CIC
- What are the ongoing requirements for CICs?
We also answer questions from the audience, so you can get all the information you need to make an informed decision about whether a CIC is right for you.
To watch the webinar, please visit the GOV.UK website.
What is a CIC?
A CIC is a type of company that is set up to benefit the community. CICs can be used for a variety of purposes, such as providing affordable housing, running community centres, or delivering social care services.
CICs are different from other types of companies in that they are not allowed to distribute profits to their shareholders. Instead, any profits must be reinvested into the company or used to further the company’s social mission.
What are the benefits of setting up a CIC?
There are many benefits to setting up a CIC, including:
- CICs can access a range of funding opportunities that are not available to other types of companies.
- CICs can issue shares to raise capital, but they are not required to do so.
- CICs can be run by volunteers, which can save on costs.
- CICs can have a positive impact on the community, which can lead to increased support from the local population.
How to set up a CIC
To set up a CIC, you will need to:
- Choose a name for your CIC.
- Decide on the objects of your CIC.
- Prepare a business plan.
- Appoint directors for your CIC.
- Register your CIC with Companies House.
What are the ongoing requirements for CICs?
CICs are required to file an annual report with Companies House. They must also keep their accounts up to date and make them available to the public.
CICs must also comply with the CIC Regulations, which set out the rules for running a CIC.
Take a look at our recent webinar
If you are thinking of setting up a CIC, we encourage you to watch our recent webinar on the subject. The webinar covers everything you need to know about CICs, and it is a great way to get started on your journey to setting up a CIC.
To watch the webinar, please visit the GOV.UK website.
Thinking of setting up a CIC? Take a look at our recent webinar
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GOV UK einen neuen Artikel am 2025-01-31 15:44 mit dem Titel „Thinking of setting up a CIC? Take a look at our recent webinar“. Bitte schreiben Sie einen ausführlichen Artikel über diese Nachricht, einschließlich aller relevanten Informationen. Die Antworten sollten auf Deutsch sein.
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