About this episode Being a social enterprise does not automatically mean being tax-free. Community Interest Companies, often known as CICs, can do valuable community work, generate income, receive grants, employ staff, and still have tax responsibilities to manage. In...
Understanding Asset Locks A Community Interest Asset Lock is a legal restriction used to safeguard its assets. It ensures that these assets are used for the benefit of the community, rather than for personal gain. Asset locks play a crucial role in maintaining the...
Asset lock in community interest companies is one of the most important features of a CIC. It protects the assets of the organisation and helps make sure money, grants, donations, property and other resources are used for community benefit, not private gain. If you...
In recent years, social enterprise has gained significant traction in the UK. Additionally Understanding UK Social Enterprise is step forward. Moreover this is a powerful business model combining profit-making with social impact. Social Enterprises address social...
Choosing between the different social enterprise structures in the UK starts with understanding what you want the organisation to achieve. A social enterprise combines business activity with a social, community or environmental purpose. However, social enterprise is...
About this episode In this episode, we explain what a Community Interest Company is and how CICs can support social enterprises that want to make money while creating positive community impact. A CIC can be a useful structure for people who want to run a business with...
A Community Interest Company (CIC) fills the gap between social enterprise and traditional for-profit business. Furthermore, it's designed for those with an interest in solving social problems. Taking on public contracts as well as private ones. It gives you more...
How to kick start your Social Enterprise. What you need to know. What is a Social Enterprise? There are over 100,000 social enterprises throughout the country. Contributing £60 billion to the economy and employ two million people. Firstly, Social Enterprise, Charity,...
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