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SEGHU
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Legal Structure

CIC Ltd by Guarantee

A Community Interest Company limited by guarantee. Members guarantee a nominal amount (usually £1) rather than holding shares. Common for non-profit social enterprises.

Key Characteristics

  • No share capital — members guarantee nominal amount
  • Asset lock
  • CIC36 community interest statement required
  • Cannot distribute profits to members

Advantages

  • Strong social enterprise identity
  • Simple governance
  • Asset lock protects mission
  • Good for grant funding

Limitations

  • Cannot raise equity investment
  • No Gift Aid eligibility
  • Less attractive to commercial investors
  • CIC Regulator reporting
Regulator: CIC Regulator + Companies House
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Organisations using this structure