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Legal Structure

CIC Ltd by Shares

A Community Interest Company limited by shares. Designed for social enterprises that want to attract investment through share capital while maintaining a community purpose.

Key Characteristics

  • Asset lock protects community assets
  • Capped dividend (currently 20% of paid-up share value)
  • Must file CIC36 community interest statement
  • Regulated by CIC Regulator

Advantages

  • Can raise equity investment
  • Familiar company structure
  • Limited liability
  • Social enterprise branding

Limitations

  • Dividend cap limits investor returns
  • Cannot access Gift Aid
  • CIC Regulator oversight
  • Asset lock restricts distributions
Regulator: CIC Regulator + Companies House
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