"Hi Elizabeth, as ever I would encourage you to create a 'discussion' for questions as it makes it so much easier to track replies than in comments. Probably the best thing to do is pick up the phone and call the funders you are looking to…"
My advice is to go with a CIC limited by guarantee. CICs with shares are less common, and tend to be used where the CIC is looking to make a profit and pay dividends to the shareholders. From what you've said, I gather you…"
"I am not sure what you mean by a "single director/member version" but the model articles work for whether you have only one or more than one director or member. The square brackets in the model articles are in my opinion confusing and you…"
"1. Probably, but remember that your activities will have a knock-on effect on the wider community, e.g. better quality of training available to the public from your members
2. Yes, I'd say so. Don't register as a CIC just to get funding,…"
"1. You must satisfy the community benefit test, but this is a really low bar: the CIC’s activities must be "carried on for the benefit of the community". I see no problem in a professional body registering as a CIC.
2. I can't…"
I see no reason why not. If your LTD co is giving money to your CIC without getting anything in return, it is essentially making a donation/gift to a good cause. Companies often make donations to charities and other good causes in their…"
"Yes, the PSC register was introduced to increase transparency and is separate to the registers of members and directors. I'm not an expert on it but think you only need to register people with 25% or more of voting rights, if you have 5 or more…"
In reply to your question on the comment wall:Subscribers are your initial members. Directors and the company secretary can be (but do not have to be) members. Employees are a different category, so don't think about them for now. Also, the asset lock is a different thing to limited liability. It is limited liability that protects your members from having to pay wind up costs. Generally you would go with £1 as an amount guaranteed.See More
"The BLF generally wants at least three unrelated people on the board. I don't think this means all directors have to be unrelated, so in your case you would need an additional director to make a total of four."