Iridescent Ideas/Setting up a Community Interest Company (CIC)

Setting up a Community Interest Company (CIC)

  • Course
  • 25 Lessons

This course will show you how to register your Community Interest Company. It provides advice and practical step-by-step support to guide you through the process and ensure you get your organisation up and running as quickly and easily as possible.

Contents

Introduction

Thanks for choosing Iridescent Ideas to help you with the next phase of your journey. Now that you have chosen the right structure for your organisation you are ready to get it set up.   

Iridescent Director, Gareth Hart, will talk you through the course, step by step. As well as informative films (and their transcripts) you can also access additional resources to help you get your organisation off to a flying start as quickly and easily as possible.
Introduction (FILM 00:25)
Preview
Registering a CIC (FILM 02:22)
Types of CICs (FILM 01:01)

Completing a CIC36 form

A step-by-step guide to completing a CIC36.
How to complete a CIC36 (FILM 5:05)
CIC36 forms from Companies House (LINK)
Downloadable CIC36 form

Articles of Association

This section has the various templates you will need to complete your Articles of Association, whatever type of CIC you choose.

PLEASE NOTE: you may have come across the term Memorandum of Association on the Companies House website. If you complete your CIC application online you will not need to complete a separate memorandum as this is included in the online form.
Articles of Association (FILM 2:34)
How to complete Articles of Association (FILM 4:08)
Articles of Association from Companies House (LINK)
Template - guarantee with a small membership
Template - guarantee with large membership
Template - shares schedule 2 small membership
Template - shares schedule 2 large membership
Template - shares schedule 3 small membership
Template - shares schedule 3 large membership

Online Application

Once you have your CIC36 and Articles of Association you're ready to complete your online application form.
Checklist for registering a CIC
CIC Online Application (FILM 02:36)
Part 1: How to complete the online registration form (FILM 05:01)
Part 2: How to complete and online registration form. (FILM 04:57)
Online Registration Portal (LINK)
Standard Industrial Classification Codes

Explainers!

We've covered a few concepts and subjects that may be new to you or seem quite complicated - here are some explainer films to help ensure you have a good understanding and can make an informed decision about your organisational structure.
Explaining Asset Locks (FILM 0:57)
Preview
Explaining Owners, Directors, Members and Shareholders (FILM 0:50)
Preview

Next steps

We hope that this course has given you all the information you need to take your organisation forward. However, if you still feel that you need some individual in-depth advice you can book a 1 hour one-to-one session for £50.

OTHER COURSES or COMING SOON - visit our course website 
The following courses will be available soon and may be helpful to you in taking the next steps in your journey:
  • FREE Introduction to Social Enterprise: the basics 
  • Setting Up a CIC: everything you need to know to register your CIC
  • Setting Up a Charity: everything you need to know to register your Charity
  • Shaping Your Idea: developing you Vision, Mission, Purpose and Values 
  • Business Planning: a step by step guide to writing an effective business plan
  • Social Investment, Funding and Finance: sources and how to access them
  • Social Impact: how to measure the difference you make and use it effectively

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