CIC Association

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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: 189
Latest Activity: Dec 6

Discussion Forum

Hilary Sudbury - is it possible to convert from a CIC Ltd by Share to a CIC Ltd by Guarantee? 3 Replies

In reply to comment by Hilary Sudbury "is it possible to convert from a CIC Ltd by Share to a CIC Ltd by Guarantee?"A company limited by shares cannot be converted to one limited by guarantee (or…Continue

Started by James Macfarlane. Last reply by Hilary Sudbury Nov 28.

Founding CIC as CASC compliant 1 Reply

How should the model articles be modified to make the CIC compliant to CASC (community amature sports club) requirements?Continue

Tags: CASC

Started by Ryan Harman. Last reply by James Macfarlane Nov 28.

Can you convert to a CIC if you were a partnership? 6 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 Peter Hart Nov 27.

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 Nov 14.

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Comment by James Macfarlane on October 6, 2016 at 18:34

Mottie Omideyi-Akapo, can you ask your question in a "new discussion"? I'm happy to answer, but it's easier to keep answers and follow up questions together this way. This link should work...

http://cicassoc.ning.com/group/settingupacic/forum/topic/new?target...

Comment by Mottie Omideyi-Akapo on October 6, 2016 at 17:56

Hi everyone, I'm new to this group, so apologies if my question has already been answered somewhere along the line.  Does anyone know if having a family member on the board of a CIC is frowned upon?  I cannot find any document which states this should not be done, however I was recently informed that this was the case.

I appreciate your comments. Thank you.

Mottie

Comment by Lee Robinson on December 11, 2015 at 14:21

hello Everyone

i have an director who is whiting to do a apprenticeship and i am just trying to find out if i need to take her of the bored or not  

Comment by Rachel Gardiner-Hill on June 2, 2015 at 19:35

Thanks John that is helpful.

Comment by John Mulkerrin on June 2, 2015 at 18:35

Hi Rachel

It is normally only the Directors that are required to disclose as per most Articles of Association, your own document should confirm this if you have a look (just after conflicts of interest)

There is nothing to stop you extending it to volunteers etc, and it may be you have a reason that would make if best practice. If for eg you are a large membership CIC you could have members that are not Directors that may have a vested interest in the decisions you make, and that disclosure could make the world of difference.

You can make it a best practice principle even if it isnt a statutory requirement. But do you really need to?

Comment by Rachel Gardiner-Hill on June 2, 2015 at 17:48

We are actually already set up but I have a question about the Register of Interests, so far the Directors and our one(!) employee have completed this but does this Register need to extend to the subscribers/members of the CIC who are volunteers?

Comment by Iain Drew-Taylor on June 26, 2014 at 21:00

Goef Cox you are a genius:) I had gotten snowblind looking at other stuff and didn't spot the PLC thing. All sorted now, many thanks.

Comment by Geof Cox on June 22, 2014 at 21:53

Iain - do you really need to submit this form? - it's for public companies only (plcs or plcics)

Comment by Iain Drew-Taylor on June 22, 2014 at 18:00

Can anyone provide some guidance on what to put on an SH50 trading certificate application....cant find anything on companies house that make sense....Can't understand why either, as I am a civil servant that read this sort of tripe daily!

Regards,

Iain Drew-Taylor

Cheshire Streetwise.

Comment by John Mulkerrin on April 28, 2014 at 12:02

Never had a bad word said about either Heidi or Robin and both are very well priced, as well as the professionals Geof has mentioned you could also look at BWB, Stephen Lloyd is fondly regarded as the 'father' of CICs

http://cicassoc.ning.com/profile/HeidiHarris

http://cicassoc.ning.com/profile/RobinPhillips

 

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