CIC Association

Serving Community Enterprise

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John Mulkerrin replied to Katie's discussion More info regarding Asesst locked Body... in the group Setting up a CIC
" ....which you could use to buy them back. Keep them outside the asset lock to avoid what is obviously a concern to you. Alternatively make an agreement with the CIC to use/rent them for a fee that covers their medical bills and feed etc."
Oct 14
Charlie Cattell replied to Katie's discussion More info regarding Asesst locked Body... in the group Setting up a CIC
"The CIC is a legal person, separate from the individuals who own or run the company. The asset lock only applies to assets that are owned directly by the CIC. If you transfer ownership of the livestock to the CIC, then they could be sold off the…"
Oct 14
Katie added a discussion to the group Setting up a CIC

More info regarding Asesst locked Body...

Can someone please give some help/guidance surrounding the assest locked body section in the articles of association.We are looking to set up a CIC involving live stock that we already own. Is there a way to protect them if the worst should happen, as in, do they become asessts of the business/project if we already owned them prior, and if the business/project was unsuccessful and should dissolve for any purpose are they vulnerable? The assest locked body section has us worried, although I'm…See More
Oct 14
Katie joined David E Alexander's group

Setting up a CIC

Guidance on how to set up a CIC especially where communities need to work together before they actually create the CIC e.g. collect funds commission work from advisors ahead of formation as some market testing or preparatory workSee More
Oct 14
Katie is now a member of CIC Association
Oct 5

Profile Information

What is your postcode?
DN36 5BX
Name of organisation (if any) you are associated with?
Lincolnshire Llama
Is that organisation a CIC?
Not yet
Are you interested in representing a CIC at the CIC Association AGM?
Are you interested in working in partnership with the CIC Association?

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