unit 7 homework
CIC CIC means a community interest company is a limited company which exists to help benefit a community or a view with an actual social purpose towards it rather than just to make money for the shareholders. CIC is registered with Companies House but it is the CIC Regulator who then decides whether an organisation passses tthe community interest test. CIC's can either be private limited company that involves lots of shares or it can be a public limited company that is guarenteed by a private limited company. There are many benefits and drawbakcs for a CIC company. One advantage would be that you have limited liablity and protection inside of the company as then this will provide an inportant part of security for the buisness it also provides some protection as well for any assets that is then related to social enterprise which would then ot be available and would be held with the names of indivisuals. Another advantage would be that they have acess to many different ...