Q&As

Is a community interest company allowed to offer shares to the public?

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Last updated on 21/09/2021

The following Corporate Q&A provides comprehensive and up to date legal information covering:

  • Is a community interest company allowed to offer shares to the public?

Is a community interest company allowed to offer shares to the public?

A community interest company (CIC) is a type of limited liability company formed specifically for the purpose of carrying on business for social purposes or to benefit a community.

A CIC may be a private company limited by shares, a public company limited by shares or a private company limited by guarantee. It must comply with usual UK

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Key definition:
Community interest company definition
What does Community interest company mean?

A limited company operated for the benefit of the community and incorporated in accordance with the requirements of the Companies (Audit, Investigations and Community Enterprise) Act 2004 and the Community Interest Company Regulations 2005.

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