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: 225
Latest Activity: Feb 18

Discussion Forum

Limited by Shares or Guarantee 1 Reply

Our CIC was setup over ten years ago and we are limited by guarantee but an acquaintance is looking to set up a new CIC is undecided as to which structure to adopt.As I understand things, the main…Continue

Started by Geoff Fletcher. Last reply by John Mulkerrin Feb 18.

Bank account appropriate for a CIC 4 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 Pete Scott Nov 16, 2019.

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, 2019.

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, 2019.

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Comment by Angie Beal on February 26, 2014 at 13:35
Hi
I Initially set up as a sole director and if you let me have your email address I'd be more than willing to forward copies of our paperwork as you can see how we worded it. It may help! I was a sole director with a management board for 18 months but have just recently added 2 new directors. My email is angie@desirechange.org.
Best wishes
Angie
Comment by stephen boyd-smith on February 26, 2014 at 13:16

hi there, iam currently setting up a cic ltd by guarantee..

iam struggling with my governance structures..

part of the business supports/provides local diversionary programs of which the different entities wish to be part of our steering group but not directors. as their own positions do not allow this.

can i register as a sole director initially with a view to adding further

positions as things develop.

if so how is this to be legally structured in the cic 36 etc..

also how do i word the governance element.. ie trustee's/ board/council or such.

some of the steering group will local authorities so the position will not be a physical body but a representative of.

any help or guidance would be much appreciated.

thanks steve

Comment by John Mulkerrin on September 3, 2013 at 11:15

@Christine

Do not use LTD, only CIC. Photo-Imaging CIC

Comment by Christine Margaret Bentham on September 2, 2013 at 12:45

Hello, can anyone tell me please as a CIC do you also have to display the words limited by guarantee as well on leaflets etc

eg would it need to say Photo-Imaging c.i.c ltd

Thanks

thanks

Comment by Paul Sherry on March 4, 2013 at 12:42
Thank you kind Sir!!!
Comment by John Mulkerrin on March 4, 2013 at 12:21
Comment by Paul Sherry on March 4, 2013 at 11:38

Hi all. Can anyone advise which form is needed to add an additional Director to my CIC please? Much appreciated. Paul Sherry.

Comment by John Mulkerrin on February 19, 2013 at 17:10

Quick answer would be yes

Comment by Joshua Allerson on February 19, 2013 at 16:24
Quick question: If a CIC is a subsidiary of a charity, the relationship would be stated in the Articles of both organisations, is that correct?
Comment by John Mulkerrin on February 8, 2013 at 14:46

@Joshua

Mostly right, the trustees dont have to be on the board though, they could simply engage as part of their trustee responsibilities and the formal relationship between the two. 

 

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