Community Interest Company
Community Interest Company
A Limited Company set-up for the good of the community is deemed as a ‘Community Interest Company’. Also known as Social Enterprises, these companies use their profits for the good of the community. They were created by the Companies (Audit, Investigations and Community Enterprise) Act 2004 and the Community Interest Company Regulations 2005.
Community Interest Companies (or CIC’s) are less strictly regulated than charities, thus having more flexibility in their operations. They need to fulfil the ’community interest test’ to show that they are carrying out business for the benefit of the community. Yet formation of such a company is similar to the process for registering a Limited Company. Charities can become CIC’s under certain circumstances.
Community Interest Company Formation:
Our community interest company formation service includes the following:
- Registration with Companies House
- Community interest statement
- Memorandum of Association
- Articles of Association
- Asset Lock
- All necessary advice and guidance
This means that you benefit from our experience and knowledge, as we draft the necessary documents, forms and community interest company articles on your behalf. Making sure everything is correct before submission to the companies registrar. We have help set up many CIC’s over the years and understand the specific legal requirements. Therefore, not only can we ensure that you community interest company is set up correctly, but we can give you further legal and tax guidance to help you get started.
Order a Community Interest Company Today!
All of this is and more is available for £149 (+ VAT). For that low cost, our community interest company formation service provides you with a professional service and peace of mind.
Set-up your new Community Interest Company Company with the industry leading experts. Contact our Community Interest Company formation team to place an order or get more guidance.
