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: 222
Latest Activity: 16 hours ago

Discussion Forum

Bank account appropriate for a CIC 3 Replies

HelloA Charity I founded has been with NatWest for a decade. Whenever we want to change who has access, it's a complete pain! I wish to avoid these issues when we set up a CIC.What banks are best…Continue

Started by George Pepper. Last reply by James Macfarlane 16 hours ago.

Prescribed particulars

Hi,Anyone got any advice on specific content for Prescribed Particulars for a CiC ltd by shares, small membership, schedule 3??Not quite sure how much or little to add from the articles...ThanksJonContinue

Started by Jon Rolls Sep 27.

Which set up? 4 Replies

Hi. I have just registered as a sole trader and now realise that I should have set up a CIC.  What paperwork do I need to complete?  Thank you.Continue

Started by Tanya Hayter. Last reply by James Macfarlane Jul 22.

Land as an asset 1 Reply

Hi guysHello! Totally new to this space! Myself and are husband are setting up a project in Wiltshire that we are looking to establish as a CIC. We own the land that the project is going to happen…Continue

Started by Grace Dalgleish. Last reply by John Mulkerrin Jul 8.

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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

Comment by Geof Cox on April 26, 2014 at 15:54

Hi Ray - If you really need a lawyer, I've worked with the following members of the CIC Association, and they're great (though not necessarily cheap).  Simon now works in London but was based in the West Midlands until this year and I guess may still live there - he is among the most specialist social enterprise lawyers in the UK.

http://cicassoc.ning.com/profie/ChrisBilllington

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

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

I must also invite Paul Bell to join the CIC Association, as I know he is also up to speed on CICs - he's just saved a CIC in Northern England a lot of time and trouble.

But do you really need a lawyer?  The likes of John Mulkerrin, and accountants you'll find in this network, like Heidi Harrris in Birmingham, can sort out most issues - or they 'know a man who can'!

Comment by Mark Nichols on March 8, 2014 at 12:52

Hi Angie,

Could you help me out too?  Would like to get my CIC registered so I can move it forward. marknichols2010@gmail.com

Many thanks

Mark

Comment by stephen boyd-smith on February 27, 2014 at 15:07

hi angie that would be a great help.

recyclemycycle@hotmail.com

 

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