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Contracts via Community Interest Company (CIC)

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    #11
    Ive looked at setting up a real CIC in the past (both for a credit union and an energy saving community group). The tests on whether you are a CIC are quite srtict. From what I understand of your porposal you should have A CIC, but for the community part of what you want to do, and keep your contracting income separate, in a normal ltd and donate it to the CIC. depending on what you may want to do you may be better registiering it as a charity. Theres some tax reliefs available for charity donations, that im not sure are there for a CIC. This is how the big chariteis work.. they have a trading ltd, that makes the profit and donats to their charity. The charity tests are even tougher, but you can get access to sources of funding unavailable to a CIC.
    Signed sealed and delivered.

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