An Introduction to Community Interest Companies

Introduction

This webinar provides a comprehensive introduction to establishing and running a community interest company (CIC).

In addition, more technical aspects of the CIC will be explored with an analysis of the asset lock, the dividend cap and repurchase of shares. The articles of association for small and large membership are explained with analysis on the implications of paying dividends and size of membership.

What You Will Learn

This webinar will cover the following:

• Legal structure of CICs
• The legislative background
• How CICs are regulated
• Establishing a CIC and conversion from charity status
• The asset locks and its implications
• Redemption and repurchase of shares and reduction of capital
• Payment of dividends and restrictions
• Dividend cap and the maximum aggregate dividend cap
• Which articles of association to use and why

This webinar was recorded on 24th May 2022