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James Macfarlane
  • United Kingdom
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James Macfarlane replied to Adrian Dwyer's discussion CIC Directors - length of term of office in the group Setting up a CIC
"There are no statutory term limits, although the articles of association could include term limits. There is discourse in wider corporate governance about term limits more generally, see for example…"
Sep 9
James Macfarlane replied to Giulia Baccosi's discussion Ethical Bank in the group Setting up a CIC
"I've used Co-op and CAF banks and had a largely positive experience but neither have a lot of branches. If you intend to keep things electronic that shouldn't be a problem. I've used Nationwide for personal stuff but not business, and…"
Feb 16
James Macfarlane replied to Rehena Harilall's discussion Help Changing Model Articles to cater for Single Director in the group Setting up a CIC
"The notes to the model articles say to update the quorum (art 15), so I would do that to be safe, but I don't see a single director holding a 'meeting' with themselves."
Oct 23, 2020
James Macfarlane replied to Rehena Harilall's discussion Help Changing Model Articles to cater for Single Director in the group Setting up a CIC
"If you have a look at the model articles, the following can be inserted into article 12: "In the event of the Company having only one Director, a majority decision is made when that single Director makes a decision." This allows decisions…"
Oct 23, 2020
James Macfarlane updated their profile
Jul 25, 2020
James Macfarlane replied to Juraj Vysvader's discussion Voluntary/unpaid directors in the group Setting up a CIC
"1. Yes 2. You don't need to notify HMRC when appointing directors, but you will need to notify Companies House 3. Unpaid directors don't generally have service contracts, but they will have duties to the company"
Feb 29, 2020
James Macfarlane replied to George Pepper's discussion Bank account appropriate for a CIC in the group Setting up a CIC
"Yes, it was straighforward enough. One potential trouble may be the limited number of Co-op bank branches, but we only used it online, not for paying in or withdrawing cash."
Nov 12, 2019
James Macfarlane replied to George Pepper's discussion Bank account appropriate for a CIC in the group Setting up a CIC
Nov 11, 2019
James Macfarlane replied to Tanya Hayter's discussion Which set up? in the group Setting up a CIC
"Hi Tanya You said you'd registered as a sole trader. Was this with HMRC? You can't "convert" a sole trader to a CIC, so you would need to form a CIC. On the other hand, if you already have a company then you can convert this to a…"
Jul 22, 2019
James Macfarlane replied to Tanya Hayter's discussion Which set up? in the group Setting up a CIC
Jul 22, 2019

Comment Wall (4 comments)

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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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