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Register your UK community interest business online today. Here at Coddan, trusted CIC Companies Formation Service Provider based in London, we handle the electronic incorporation of CIC Companies all over Britain.
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£240.00+VATNO-ANNUAL CHARGES! Recommended for 1
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Registration of a company limited by guarantee vs community interest companies formation : Although there are similar elements between companies limited by guarantee and community interest companies, each type of corporate establishment has unique attributes that may suit a new or existing organisation perfectly. To determine the best type of non-profit company registration, the experienced and professional specialists at Coddan are available to provide tailored advice to meet your specific needs and ambitions. We can also handle the entire process once a decision has been made. While both types are suitable for non-profit companies and organisations, each offers distinct benefits from a legal perspective.
The CIC is a new type of business introduced by the UK Government in 2005 under the Companies Act 2004. The easiest way to create a new CIC is by using Coddan’s online portal, which simplifies the process of forming and registering CIC companies. You can rely on Coddan’s online incorporation services to assist in forming a CIC ready for operation in a matter of only a few days.
To create a CIC, you must provide a ‘community interest statement’ outlining your organisation’s plans. The CIC is a hybrid entity combining aspects of commercial and non-profit companies, making it ideal for organisations with social objectives. Coddan’s services ensure the formation process is smooth, affordable, and compliant with all legal requirements.
Establishing a community interest company (CIC) online is straightforward. The registration fee for forming a CIC starts at £215.00 + VAT, and the process is fast and simple. With Coddan’s expertise, you can form CIC companies across England, Scotland, Wales, and Northern Ireland.
A company limited by guarantee provides a legal framework to specify a nominal amount that each member is liable for in the event of any debts being accrued. This structure offers peace of mind to the individuals forming the company. Additionally, strict guidelines may apply to how profits are distributed. Charitable groups often need to ensure a significant proportion of surplus funds is reinvested into the organisation, and a company limited by guarantee can prevent excessive dividends being paid to members.
A community interest company (CIC) may be a suitable solution for organisations aiming to protect specific assets or groups of assets. This can be achieved using an Asset Lock, a legal mechanism that prevents named assets from being sold or transferred below market value unless another CIC or charitable group is involved in the transaction. For charities considering a commercial relationship with regular businesses, an Asset Lock offers additional security if operations do not proceed as planned.
Start forming a social enterprise in the UK with Coddan’s simple and efficient service. We provide online formation for UK social entrepreneurship enterprises, including social businesses, co-operatives, mutuals, and employee-owned organisations. In the UK, a specific legal entity is available for setting up social enterprises, known as the Community Interest Company (CIC).
The CIC regulator oversees Community Interest Companies. Upon approval, the formation process can begin, enabling the setup of CIC businesses quickly and efficiently.
Coddan offers excellent online services for forming CIC businesses, including pre-incorporation consultations and post-incorporation support from our trained specialists based in London office. We provide affordable and accessible solutions to help set up CIC companies in the UK.
Set up UK CIC companies online with Coddan – your trusted agent for creating CIC corporate businesses in London. Whether starting up new CIC businesses or forming community interest companies, our online incorporation system makes it super easy to get started.
Register CIC companies across England, Wales, Scotland or Northern Ireland at affordable prices. Establish your CIC online with the help of Coddan’s specialists, who will handle the setup of CIC corporations on your behalf and offer comprehensive support services.
Start your CIC business online today with Coddan. As a leading provider of support for social entrepreneurs in the UK, we offer pre-incorporation consultations and post-incorporation support to help form and register community interest companies.
Not every UK business requires incorporation, but for those that do, Coddan’s platform offers the simplest and easiest way to form a CIC. Call our UK specialists to learn more about affordable start-up options for registering CIC companies online.
Coddan supports British social enterprises by offering training and incorporation services for social entrepreneurs. Our online platform simplifies the setup of community interest companies, providing affordable solutions for business creation and formation. Coddan is the UK’s leading provider of CIC creation and registration services, ensuring affordable setup costs for businesses across the country.
If you are currently considering registering as either a company limited by guarantee or a community interest company, the Coddan team is available to provide advice on + 44 (0) 207.935.5171 or +44 (0) 330.808.0089, we can also be contacted by email about the company limited by guarantee vs community interest companies.
Our entire range of services and solutions can be viewed online at our website, and non-profit organisations can find out more about how Coddan can provide both initial and ongoing support that will leave members free to concentrate on the activities that really matter.
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