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Mark Peters
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Memorandum and Articles i

Hi our mem and articles of association need reviewing and updating to add information regarding assests that are now owned by the CiC, are we able to get this advice from here or do we need to get…Continue

Started Mar 12

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Memorandum and Articles i

Hi our mem and articles of association need reviewing and updating to add information regarding assests that are now owned by the CiC, are we able to get this advice from here or do we need to get full advice from solicitors?
Mar 12
John Mulkerrin replied to Mark Peters's discussion CIC purchasing assets from Ltd Company in the group CIC Share Issues
"Hi Mark You also have the option of leasing the property to the CIC, which would keep the property out of the Asset Lock.  Are you planning on selling the property to the CIC for less than market value?  There is plenty of finance…"
Oct 10, 2016
Mark Peters replied to Mark Peters's discussion CIC purchasing assets from Ltd Company in the group CIC Share Issues
"Hedi, thanks for the reply I think the CIC could get the investment/loan to purchase the properties. The properties could then be used for social housing. In terms of personal income and assets we would need to look into this. "
Oct 9, 2016
Heidi Fisher replied to Mark Peters's discussion CIC purchasing assets from Ltd Company in the group CIC Share Issues
"Hi Mark, main issue is any increase in the property value would now be in the CIC rather than the limited company, where you could receive a dividend to take the profits out. In your CIC that would not be possible. Also the asset lock would mean if…"
Oct 9, 2016
Mark Peters added a discussion to the group CIC Share Issues
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CIC purchasing assets from Ltd Company

Hi I have a Ltd company and i'm in the process of thinking about selling the assets to CIC, the Ltd company has property and the CIC would purchase the property. Can anyone please let me know what the possible pitfalls of this maybe?See More
Oct 9, 2016
Mark Peters joined John Mulkerrin's group
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CIC Share Issues

To discuss everything Share related
Oct 9, 2016
Mark Peters is now a member of CIC Association
Oct 9, 2016

Profile Information

What is your postcode?
Cv23dp
Name of organisation (if any) you are associated with?
Start Again Project CIC
If you have a website, what is your web address?
http://www.start-again.uk
Are you interested in representing a CIC at the CIC Association AGM?
No
Are you interested in working in partnership with the CIC Association?
Yes

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