
Learn to set up a community interest company through a DIY, six-section course that covers social enterprise basics, incorporated vs unincorporated structures, and step-by-step CIC 36 form submission.
Discover that a social enterprise is a business delivering social impact while making money, not a legal form, with surpluses reinvested to boost social value.
Examine the debated definition of social enterprise and the consensus that at least 50 percent of income comes from trade. Apply the three P's—people, planet, and profit—while pursuing social objectives.
Compare unincorporated and incorporated forms to understand HMRC tax treatment and key structures, including company limited by guarantee, industrial and provident society, limited liability partnership, and community interest companies.
Explore what a community interest company (CIC) is, its social purpose, and the asset lock that protects assets for social value, with the community interest test guiding formation.
Explore the seven CIC types, focusing on the common limited by guarantee with small members (schedule 1). Understand directors as members, liability limits, and why three directors support funding.
Explore CIC type two, a limited by guarantee with large members, and types three and four, which use asset lock and limited by shares to fund charities delivering social impact.
Explore types five and six of community interest company, limited by shares under schedule three. Profit distributions cap at 35%, with 65% reinvested to enable social investment and equity funding.
Choose your CIC type by function: for investment, form schedule three, company limited by shares; for grant funding, use a limited liability asset-locked CIC with dividends capped at 35%.
Learn to complete CIC forms online or on paper, noting costs. Complete IO1 form and C3 6 community interest test, upload articles of association or customize before applying online.
Search your chosen name to ensure availability before registering a CIC, avoid exact-name conflicts, and learn how to use the provided search resource to proceed with the next steps.
Download the CIC36 form and model articles of association, then customize them with your CIC name, asset lock, and objectives for a limited by guarantee community interest company.
Complete the CIC36 form for a community interest company by following a prep workflow, detailing the community benefits, and ensuring consistent naming and signed declarations.
Learn how to complete the articles of association for a community interest company, including the asset lock clause, the company objects, and small membership governance.
Locate the correct CIC registration page, access the online form, and start a new application by answering initial questions, accepting cookies, and creating a government gateway user ID.
Set up your gateway account for a community interest company, decide the company name, guarantors, and structure (limited by guarantee), and enter the director role and registration address.
Register a new company in England and Wales, set the principal address and contact details, and choose appropriate business activities such as business support services not elsewhere classified.
Complete directors details, set up guarantors, and designate significant control; upload CIC36 and articles, confirm the memorandum, and apply electronic signature to finalize the CIC.
Confirm your details, submit the CIC application to HMRC, make a secure payment, and await a confirmation email within two days and a corporation tax instructions letter within fifteen days.
Updated: January 2023
Learn the step-by-step process of setting up a Community Interest Company (CIC) with expert guidance from Grant Consultant, Boomy Tokan. With over 20 years of business experience and an MA in Social Entrepreneurship, Boomy has helped many organizations successfully set up their business structures. In this workshop, you will gain the ability to register your CIC yourself, understand the 7 major types of CICs, and know which registration forms to complete for fast and efficient setup. Plus, with a limited number of free spaces available, this workshop is a valuable opportunity to save on the typical cost of setting up a CIC. Sign up now and take the first step towards creating a sustainable and impactful business structure.
Get the step-by-step process of setting up a CIC. Watch me setting up a CIC from scratch and gain the understanding to do the same.
About this event
What You Will Get:
Ability to register your CIC yourself.
How to compose the “Community Interest Test”
Complete the CIC36 Form
Complete and tweak the Articles of Association Template
Understand the 7 major types of CIC’s
Know which is the appropriate one for you
Which registration forms to complete
How to complete it fast
Understand how the CIC differs from other structure
And much more!
If you feel your enterprise would benefit from this workshop then register your place on our informative webinar - limited places available.
Webinar Speaker
Boomy Tokan: Grant Consultant
He is currently studying for an MA in Social Entrepreneurship at Goldsmiths University and runs the Social Enterprise Network in Thurrock. He has over 20 years of business experience and is an author of 4 business books.
Over the years Boomy has helped many organizations set up their business structures including charitable organizations.
This workshop is a gift. Generally speaking, setting up a CIC will usually cost between £300 - £700. So take advantage and sign up immediately. Limited FREE Spaces
His organization works with new and established Social Enterprises and Charitable Organisations within the Social Economy.
Since the inception of the company Boomy has created Business Plans, Business Models, and help many of his clients access the much need funding.
"We are passionate about empowering Social Enterprises to have a deeper and larger impact in the communities they serve whilst remaining sustainable and resilient over the long haul" - Boomy Tokan