A Community Interest Company (CIC) is a limited company and social enterprise that uses its profits and assets for the public good. They can serve a wide range of social and environmental issues but in order to be a Community Interest Company a business must pass the community interest test.
This means that the business cannot be politically motivated, set up to serve only a restricted section of the public, or carry out unlawful activities. The form CIC36 must be signed by the prospective directors of the company and must set out their community- minded objectives. Assets will be “locked” to ensure that they are dedicated to further these objectives. More information on CICs can be found on the Community Interest Companies website (www.bis.gov.uk/cicregulator/).
Under our Fixed Fee Service we will:
- Prepare an Application which will include restricted objects, and adopt Model CIC Articles.
- The company can be incorporated as limited by shares or limited by guarantee
- CIC36 statement review
Under our Fixed Fee Service we will not:
- Provide any tax advice
- Provide Shareholders Agreements or amended Articles
- Deal with any agreement between the directors or the shareholders relating to their ownership of shares
- Prepare any agreements regulating employment of directors or other employees
We will confirm that your matter is suitable for our Fixed Price Law Service on receipt of your detailed instructions. If your matter does not fall within our Fixed Price Law Service e.g. if the matter is complex or additional work is required, we will still be able to undertake work for you under our other funding options.
£499 GBP + VAT
Prices are exclusive of VAT and expenses.
Complete the form and one of our specialists will contact you shortly. You have also got the option to pay for this service now by ticking the 'Pay Now' box at the bottom of this form. Alternatively we will contact you about other methods of payment.