How to start a CIC (Community Interest Company), This course will cover the principles of how to set up a Community Interest Company (CIC).
Course Description
Who is this course suitable for?
This course is designed for anyone considering starting a Community Interest Company (CIC). Whether you’re an aspiring social entrepreneur, a community organiser, or someone with a business idea focused on public benefit, this session will give you the foundational knowledge and practical tools to begin your journey.
Overview:
Setting up a CIC can be an impactful way to support your community through a sustainable social enterprise model. This course will guide you through the essential elements required to officially register and operate a CIC, ensuring you’re equipped with the knowledge to move forward confidently.
What You’ll Learn:
- How to determine the right type of social enterprise for your goals
- What a CIC is and how it differs from other business structures
- The importance of the asset lock and how it protects community assets
- Steps for registering with the CIC Regulator
- Meeting the “Community Interest Test”
- Understanding ongoing compliance requirements
- Basics of bookkeeping and financial responsibilities
- Marketing strategies for CICs
- Introduction to fundraising options and opportunities
- A practical to-do list to help you get started
By the end of this session, you’ll have a clear roadmap for starting your CIC and making a positive social impact.
