Community interest companies
A community interest company (CIC) is a type of company that exists to provide a benefit to a community. It must use its income, assets and profits for that community. It is not, however, a charity.
A CIC will have one of the following at the end of its full name: community interest company, c.i.c, community interest public limited company, or community interest plc. There are also Welsh-language equivalents.
A CIC cannot be a political party, a political campaigning organisation or a subsidiary of either.
CICs are regulated by the Regulator of Community Interest Companies.
In this section, you'll learn about:
- how to start up or convert to a CIC
- legal restrictions and regulation
- filing requirements
- what to do if you want to end a CIC