CIC Association

Serving Community Enterprise

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Setting up a CIC

Guidance on how to set up a CIC especially where communities need to work together before they actually create the CIC e.g. collect funds commission work from advisors ahead of formation as some market testing or preparatory work

Members: 186
Latest Activity: on Wednesday

Discussion Forum

Can you convert to a CIC if you were a partnership? 5 Replies

Hi again,Sorry this feels like a very simple question but I can't find an answer!Our business is currently officially a partnership, not a LTD co.I know to our customers it'll look like we're…Continue

Started by Peter Hart. Last reply by John Mulkerrin on Wednesday.

Questions on protecting equity invested in a CIC 2 Replies

Hi All,Firstly, I'm so grateful this resource exists! Our local VDA (where I'd have previously been able to get this info) has just closed down. To the point: I'm full of questions as we seek to…Continue

Started by Peter Hart. Last reply by Peter Hart on Tuesday.

CIC and the tax situation 3 Replies

Dear all, As a Coastal Community Team we're really struggling to get to grips with what sort of entity we should be. We've been operating as an "unincorporated organisation" for two years now and…Continue

Started by Nigel Hancock. Last reply by John Mulkerrin on Tuesday.

Registered Address for CIC 2 Replies

Hi. Am going through the forms to set up a CIC and don't particularly want to put my home address as the registered address - are there any alternatives to doing this? I don't have an office and not…Continue

Started by Suzanne Mark. Last reply by Suzanne Mark on Monday.

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Comment by caroline wheeler-evans on April 3, 2017 at 14:57

thanks I will pick the form apart and get back to you I think it is mainly terminology 

Comment by John Mulkerrin on April 3, 2017 at 14:55

What dont you get Caroline? If you let me know the particulars I can try and help

John

Comment by caroline wheeler-evans on April 3, 2017 at 14:53

Hi John your helpful would be brilliant ! I am in the process of setting up a company and I am sure it comes under the umbrella of a CIC. However I have plenty of experience in the content of the company but none of filling out the forms. I have an understanding of what a CIC is and how it works but the forms are giving me nightmares ? I have looked at the Guidance but am still not really getting it ?? Thanks

Comment by John Mulkerrin on April 3, 2017 at 14:36

Hi Caroline

What's the problem? Happy to help if I can

John

Comment by caroline wheeler-evans on April 3, 2017 at 13:44

Hi I am struggling to understand all the jargon on the CIC form and am having problems finding anyone to help me I have read the paper work stuff and still have v limited understanding is there anyone who could give me a hand I would be really grateful. thanks. 

Comment by Nick Lee on March 30, 2017 at 15:44

Sky, also to add, I asked the Office of the Regulator for a bit of guidance on whether certain activities would be considered to be of benefit to the community, and they emailed me back today with comment on my particular case.

If you email them for guidance, I think it would be really useful to explain to them in general lay terms of how you think your activities will be of benefit to the community.

Comment by Nick Lee on March 30, 2017 at 15:33

Hi Sky, I'm not an expert at all but have been looking into this today. I found the CIC Regulator's current guidance less useful than their guidance I found written in 2010 and since replaced, now available here, see pages 9-13: http://www.artscouncil-ni.org/images/uploads/business-support-docum...

This sets out that to determine if something is of community benefit, look at the 'underlying purpose' towards which an organisation's activities are ultimately directed'. So, as a whole, what community benefit does your organisation produce? This could either be the work of the CIC directly benefits the community, or it could raise funds which are then given to another organisation and which are used to the benefit of the community.

Comments from others on this welcome, I'm thinking through myself.

Comment by Donald (Sky) McCain on March 30, 2017 at 11:31

As I remember, one cannot check the Office of the Regulator in advance to ascertain whether their objects are “In the interest of the Community.”  Thus, I am hoping someone can advise me whether they think a senior co-housing community that cooperatively owns the land and leases from the CIC to build their own dwelling would be acceptable to the regulator.  Our articles would give us total control over who can be a member, who can be a director, who can lease, and all aspects of governance.

Thanks in advance,

Sky McCain

Comment by Samina Noor Deen on March 24, 2017 at 15:03
Hi,

Are there any CIC's running in Nottingham that would be willing to share their expertise with a newbie? Thank you!
Comment by Mottie Omideyi-Akapo on October 6, 2016 at 20:51

ok. Sorry about that.

 

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