Setting up a CIC

Setting up a CIC

What is a community interest company

Community Interest Companies (CICs) have become an increasingly popular option for those looking to make a positive impact in their communities while still being able to generate income. This blog post delves into what a CIC is, its benefits, tax obligations, and how it can serve the community effectively.

Setting up a CIC

Setting Up a Bank Account for Your Community Interest Company (CIC)

Opening a bank account for a Community Interest Company (CIC) can often feel like navigating a minefield. Many founders find this stage of their CIC journey particularly challenging due to various factors, including differing bank policies and issues surrounding personal credit. This blog post will provide a detailed guide on how to successfully open a bank account for your CIC, discuss various banking options, and share personal experiences to help streamline the process.

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