Community Interest Company

Community Interest Company

What is a Community Interest Company?

Community Interest Companies are a type of limited company designed for people who want to conduct a business or other activity for community benefit and not purely for the benefit of the members of the company. The CIC Regulator must approve applications to form a CIC and has a continuing monitoring and enforcement role. A company cannot become a CIC if it is, or intends to be, a political party or a political campaigning organisation (or a subsidiary of either). In addition, a CIC cannot be a charity.

• the name of a community interest company which is not a public company must end with 'community interest company' or 'c.i.c'.
• the name of a community interest company which is a public company must end with 'community interest public limited company', or 'community interest p.l.c.' Please note you can only make an application to form a CIC on paper and there is no "Same Day" service available.

If you would like any assistance or advice relating to the formation of a Community Interest Company please call us on 0207 554 2207 or email us at info@brightonformations.co.uk.