Company and community

Need a little help managing your CIC?

An important part of managing a community interest company is keeping its statutory books and Companies House filings up to date.

Inform Direct is the perfect tool to help make this task a whole lot easier, meaning you can focus more on running your business.

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Advantages of a community interest company

Compared to a standard company, a CIC specifically provides several advantages:

1A clear commitment to social goals

While social aims can be prescribed in the articles of association of normal limited companies, community interest company status confers a clear commitment to a communal cause.

The statutory basis of the asset lock, which ensures that a CIC’s funds will be used for the benefit of the company’s social objectives rather than for individual shareholders, helps provide reassurance to investors and the wider public. More generally, the fact that community interest companies are subject to ongoing regulation by the CIC Regulator helps to create confidence in the integrity of a CIC.