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CIC - Any one know much about them?
Comments
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I do indeed.£705,000 raised by client groups in the past 18 mths :beer:0
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wages/earnings are NOT restricted in CICs,
there is a dividend cap and asset lock, which limits the amount of profit that can be taken out of the company, which can be seen as a negative to purely commercial interests. The positive is that you have a legally recognised social enterprise. With consumer/investment trends moving toward 'empathy-consumerism' it's a clear expression of your companies objectives.
There's a lot of misunderstanding around, if you want to be a fundraiser why wouldnt you give the general public the knowledge your not only in it for the money
just my humble opinion, i think CICs are great!0 -
Here is the wikipedia article for the CIC http://en.wikipedia.org/wiki/Community_interest_company
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