"An alternative is to pass a special resolution with the following text and the new articles attached to it.
The Articles of Association shall be altered so as to take the form of the Articles of Association attached to this resolution are in…"
Yes, a CIC can change its articles of association. This is done by special resolution, so at least 75% of members must agree to it. The basic procedure for doing this is at the link below, but you'll need to check your current…"
"My understanding of SITR is that it's only for individuals (income tax and capital gains tax) and not available to companies.
The benefits for donating to a CIC are widespread, though, even if not directly financial. You could sort out a…"
"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…"