Share 'Differences between CICs and Charities'

CICs v CharitiesCharities must be established exclusively for charitable purposes: CICs can be established for any lawful purpose, as long as their activities are carried on for the benefit of the community Charities have certain tax advantages that CICs do not have. In return for those advantages, charities are subject to more onerous regulation than CICs The CIC legal form was specifically desi…