"Hi folks, just relocated to Lancaster from Brighton. My company is a CIC Ltd by shares, mainly offering business / organisational support, specialising in helping people do a better job of working together via facilitation, training, consultancy…"
"Many many thanks again everyone. I'd encourage anyone else reading this to chip with further thoughts or stories.
Geoff, I really appreciate you sharing that (I imagine) invaluable resource. I won't be buying the booklet today, but I do…"
We adopt the voluntary code of practice for social enterprise in Scotland at http://www.se-code.net/the-code-2/the-criteria/
Under this definition a SE's constitution must include the requirement that profits are reinvested in the…"
"Many thanks folks! Any more insights and stories very welcome, not just for me but for others reading. It can be so helpful when grappling with this to find nuggets and examples online.This has given me some food for thought.... in particular, I…"
Just to add a bit more detail, James is correct to say that in general the approach of grant makers is not always favourable to CIC limited by shares when compared with CIC limited by guarantee, but perhaps more accurate to say that more…"
I've not got experience working with CICs limited by shares, but here are my thoughts.
I'm not entirely sure what you mean by "converting to a co-op". My understanding is that being a co-op just means your shares are…"
I can think of a number of ways of skinning this cat!
Perhaps the simplest is for your self-employed business (ie. you) to 'lend' the £10k-worth of assets to the CIC. Among the terms of the loan can be repayment in cash…"
Hi folks This is my first post. I'm extremely grateful for this resource and community. I've been spending many hours on this and I've hit a wall; reactions and thoughts would be extremely helpful. I'm converting my self-employed business to a social enterprise company. I am running on a budget of £zero and can't afford legal / consultancy / accountancy support yet, but reckon I'm competent enough to work my way through this - I would also be happy to find ways of giving public thanks /…See More
For any accounting related queries, including accounts software package questions, grants and trading income treatment, HMRC or Companies House queries/issues, tax reliefs for CICs, links to useful finance information etc
This Group is for those who are looking for additional board members.This could be for extra experience, input and support,or/and,to meet grant application requirements that specify a minimum of 2 or 3 non-related members or directors.See More