I recently read somewhere that there is a new 'alternative' to the CIC? Can anyone help?

2 Answers

1. Hi Margo,

   
   

   There are a number of options open to a 3rd sector business in terms of it legal and regulatory structure. Broadly they are Charity, for-profit business or social enterprise.

   
   

   CIC (community interest companies) are a form of limited company created to allow business to trade and invest for social good. You mention Charities specifically - a charity may own or become a CIC and the implications, especially for tax and investment reasons need to be examined carefully. However, CIC's are not the only option and depending on your current structure or intended activites there are a few possibilities.

   
   

   You might find our series of assessments on this topic very useful. You can find them at: http://www.venturenavigator.co.uk/socialenterprise

   
   

   You can also find a huge list of other resources here: http://www.venturenavigator.co.uk/content/resources_for_social_enterprises

   
   

    

   
   

   Phin

   1. 0
   2. 0

   Answered by Phineas Wenlock, May 2010   -  Contact this person (Edited on 2010-05-25 09:39:56)

2. Spotted this too,which is quite useful: http://www.schoolforstartups.co.uk/2010/02/05/choosing-a-social-enterprise-legal-structure-cls-clg-cic-or-cooperative/

   1. 0
   2. 0

   Answered by Phineas Wenlock, May 2010   -  Contact this person