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RELATED ARTICLES OR PAGES: Creating a Community Interest Company CIC limited by Shares or Limited by Guarantee? Aims and Objects for
Community Interest Companies (CIC)For a Community Interest Company to be accepted by the CIC Regulator it must have clear aims that fit the criteria laid down for CIC registration. Your aims will be different from anyone else's but these examples will help your thinking. Take a sheet of paper and write down what you intend to do and how it will benefit the community. Then try to summarise your notes into a few crisp statements. An awareness and fundraising campaign.a. To promote understanding of
. A service to help a particular ethnic group.a) To raise awareness of the ... community needs and aspirations
amongst the wider communities in the UK A sports centre for a villagea. To provide a sports centre for use by the whole of the ... community. A support service for voluntary organisations and their staff.To provide support to voluntary organisations and their full or part-time staff and, in particular - (a) to improve the support available to employees, unpaid volunteers
and employers. A fundraising venture for a disability groupa. To raise funds on behalf of people who are severely disabled
by......
A conservation projecta. To encourage and provide support for the conservation of ... and their habitats. b. To encourage and provide education, training and the dissemination of information about ... and their habitats. c. To encourage and promote scientific research relating to ... conservation. d. To encourage, support and engage in fundraising for the furtherance
of the above aims.
Employment support for disabled workersa. To provide disabled workers as temporary or contract staff to
organisations wanting to assist disabled people to enter or re-enter
the employment market.
A preschool groupa. to support healthy child development through play and recreation.
A church-base youth groupa) To serve the community of XXX by pursuing aims consistent with
Christian moral and spiritual values
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These examples provide a tiny selection of the diversity that is covered by Social Enterprise groups. There are countless ways that people help each other and the community. But, in an increasingly litigious society, many are seeking to protect their good work by obtaining limited liability through a CIC registration.Forming a Community Interest CompanyInformation and ordering procedures for registering your CIC. Company limited by guaranteeA traditional trustee format for not-for-profit organisations Charity limited by guaranteeLimited liability company using a constitution approved for charities Private limited companyStandard limited companies for normal business activities How will you benefit the Community?In addition to listing your AIMS or OBJECTS you must indicate in a couple of brief sentences how your Community Interest Company will benefit the Community. Make some notes and talk to us about it.
For lists of existing Community Interest Companies and for more information visit the CIC Regulator's websiteOrdered Management will help you
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