Guidance

Community interest companies: leaflets

An overview of what community interest companies (CICs) are, how they are set up and how they work.

Documents

Benefits of a CIC

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Information Pack

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Frequently asked questions

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Frequently asked questions for funding organisations

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Detail

The ‘information pack’ is an abbreviated version of the ‘Community interest companies: how to form a CIC’ guidance. It includes information on:

  • the community interest test
  • the asset lock
  • the dividend cap
  • redemption and repurchase of shares and reduction of capital
  • charities converting to CIC status or vice versa
  • converting an industrial and provident society (IPS) to a CIC
  • tax considerations
  • sources of finance
  • charges on assets
  • lenders to the third sector
  • forming a new CIC
  • converting an existing company to a CIC
  • CIC fees
  • the annual CIC report