Community Interest Company Incorporation
Prices start from £240 + VAT
- Ready to use company
- Companies House filing fee included
- Quick incorporation
- Immediate review and submission of registration application
- Charitable Bank Account
- Digital certificate of incorporation
- Printed certificate of incorporation
- Customer support
- Draft articles (if required)
A not-for-profit company aims to help designated people or communities.
A not-for-profit company is a separate legal entity from those running it and maintains separate finances. It has guarantors who are liable only for the amount that they agree to contribute to the company if and when necessary, for example if it is wound up (as opposed to shares and shareholders).
All profits are reinvested into the company, for the benefit of the people or communities it has chosen to support (as opposed to distributing them in the form of dividends).
Community Interest Companies are often used to form Charities*, for the following types of organisation:
- Social and Sports Clubs
- Membership organisations
Registering a CIC requires:
- a ‘community interest statement’ clarifying the activities of the company and the community it intends to help,
- an ‘asset lock’ which is a legal promise that the company’s assets will only be used for their designated purpose,
- a constitution.
A CIC must be registered with Companies House and the CIC Regulator, and can be set up as a company limited by guarantee or by shares (although using a company limited by shares is not common).
* Please note that this service does NOT register your company as a Charity with the Charities Commission.
To incorporate your not-for-profit company or discuss your needs further, click the link below to contact us now.
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