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James Macfarlane
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James Macfarlane replied to emily woldon's discussion Changing articles of association and number of directors in the group Setting up a CIC
"Hi Emily I'm happy to have a quick look if you can either upload here as a file or send to me via this Dropbox link. James"
6 hours ago
James Macfarlane replied to emily woldon's discussion Changing articles of association and number of directors in the group Setting up a CIC
"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…"
16 hours ago
James Macfarlane replied to emily woldon's discussion Changing articles of association and number of directors in the group Setting up a CIC
"I've copied below an example resolution to amend the articles: [COMPANY NUMBER]         SPECIAL RESOLUTION   of   [COMPANY NAME] C.I.C.         The following was passed as a written special…"
16 hours ago
James Macfarlane replied to emily woldon's discussion Changing articles of association and number of directors in the group Setting up a CIC
"Hi Emily 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…"
16 hours ago
James Macfarlane replied to Bakare Aliu's discussion CIC Benefits for Commercial Companies in the group Setting up a CIC
"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…"
Tuesday
James Macfarlane replied to Bakare Aliu's discussion CIC Benefits for Commercial Companies in the group Setting up a CIC
"I'm not aware of any corporation tax relief for donations to CICs. Have a look at social investment tax relief, although this is only available to individuals and not…"
Dec 4
James Macfarlane replied to Sophie's discussion From 1 director to 3... in the group Setting up a CIC
"Hi Sophie I agree with Jemma. For director's duties, see https://www.gov.uk/guidance/being-a-company-director and also the CIC guidance at https://www.gov.uk/government/publications/community-interest-companies-how-to-form-a-cic. Yes, you can…"
Nov 23
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

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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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