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James Macfarlane
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James Macfarlane commented on David E Alexander's group Setting up a CIC
"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…"
May 23
James Macfarlane replied to Beverley Smith's discussion Trying to decide which type of CIC would be best for use in the group Setting up a CIC
"Hi Beverley 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…"
May 1
Alex Thomson left a comment for James Macfarlane
"Great. Thanks again."
Apr 26
Alex Thomson left a comment for James Macfarlane
"Hi James. Am I right in assuming that if you are a director, you don't have to register as a PSC by virtue of directors having significant control in their role?"
Apr 25
Alex Thomson left a comment for James Macfarlane
"OK. It would seem that 3 directors will suffice. Many thanks James"
Apr 25
Alex Thomson left a comment for James Macfarlane
"Thanks James. Do you think 3 subscribers would be enough for company credibility?"
Apr 24
James Macfarlane replied to Ariane Mercurius-Taylor's discussion Amending Articles of Association for 1 Director and 1 Member in the group Setting up a CIC
"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…"
Feb 20
James Macfarlane replied to Ariane Mercurius-Taylor's discussion Professional Body as a CIC in the group Setting up a CIC
"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,…"
Feb 7
James Macfarlane replied to Ariane Mercurius-Taylor's discussion Professional Body as a CIC in the group Setting up a CIC
"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…"
Feb 7
James Macfarlane and Bret Warshawsky are now friends
Jan 20
James Macfarlane replied to Emil Glownia's discussion Can I sponsor (LTD) my CIC? in the group Setting up a CIC
"Emil 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…"
Jan 20
Sue Westwood replied to James Macfarlane's discussion Re: Sue Westwood in the group Setting up a CIC
"Thanks James."
Jan 15
James Macfarlane replied to James Macfarlane's discussion Re: Sue Westwood in the group Setting up a CIC
"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…"
Jan 15
Sue Westwood replied to James Macfarlane's discussion Re: Sue Westwood in the group Setting up a CIC
"Thanks again James, that makes sense. Also does this still apply if I was to name and register myself as a PSC. I am so grateful to your guidance. Sue."
Jan 15
James Macfarlane added a discussion to the group Setting up a CIC
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Re: Sue Westwood

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
Jan 15
James Macfarlane replied to Sue Westwood's discussion Related Directors (family connection) Is this a big issue? in the group Setting up a CIC
"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."
Jan 14

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At 7:22 on April 26, 2018, Alex Thomson said…

Great. Thanks again.

At 19:23 on April 25, 2018, Alex Thomson said…

Hi James. Am I right in assuming that if you are a director, you don't have to register as a PSC by virtue of directors having significant control in their role?

At 7:13 on April 25, 2018, Alex Thomson said…

OK. It would seem that 3 directors will suffice. Many thanks James

At 16:07 on April 24, 2018, Alex Thomson said…

Thanks James. Do you think 3 subscribers would be enough for company credibility?

 
 
 

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