top of page

Community Interest Company

Updated: Apr 13

"A community interest company (CIC) is a type of Limited Liability company formed specifically for the purpose of carrying on business for social purposes or to benefit a community. A CIC must comply with usual [...] company law requirements, and is also subject to additional regulation to ensure that the CIC's assets, income and profits are used in the interest of the community it is intended to serve. It is a social profit-making enterprise. It is not a 'not-for-profit' organisation, as it must generate profit to remain solvent, but its profits will be applied to its community purpose rather than for private gain".


Comments


Commenting on this post isn't available anymore. Contact the site owner for more info.
bottom of page