"It is perfectly possible to have a CIC with just one member, and I have designed and registered a number structured like this. If that sole member is itself a corporate body then the single-member CIC is a “wholly-owned subsidiary” as…"
We are in the process of revisiting our Articles to have clearer governance between our two CICs. We are looking at making our core member association CIC a trading arm through which Directors are elected/ appointed for the second CIC - a strategic body working with local stakeholders. The trading arm CIC has over 140 members and will elect between 7-12 Directors. To get past the CIC Member provision, we propose that the strategic CIC have one member only which is the trading arm CIC? Is this…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
"Hi Sharon - new CIC Assoc member here.
We are doing exactly the same thing as you I think in adding a charity to an existing CIC. There is excellent guidance on the Charities Commission website which enabled us to create our preferred model of…"