An Introduction to Community Interest Companies

An Introduction to Community Interest Companies
DTi, UK Government
December 2004

 

A CIC may well be the vehicle for your social enterprise if: 

 

– You want to incorporate with limited liability

 

– You want to be a company because it is a familiar legal form with the flexibility to tailor it to your own organisational structure- membership and governance

 

– You want it to be clear to your members- financial backers- customers and others you deal with that you will work for the benefit of the community rather than private gain

 

– You want to be sure that- if the organisation ceases to be a CIC- the remaining assets will be preserved for the community rather than distributed to members

 

– You do not want charitable status e.g. because it is not appropriate to your planned activities or the financial benefits of being a charity will not be material

 

 

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