Chapter two: Preliminary considerations

Chapter two: Preliminary considerations
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2.1. Considerations before choosing to form a CIC
2.1.1. What are you trying to achieve? 
2.1.2. Major considerations 
2.1.3. Do you understand the permanent effect of the asset lock? 

2.2. Who can form a community interest company (CIC) 
2.2.1. Restrictions on forming as a community interest company 

2.3. Defining “community” in community interest company 

2.4 Charities converting to CIC status or vice versa        2.4.1. Conversion of a charity to a CIC in GB (see chapter 4) 
2.4.2. Conversion of a charity in Northern Ireland to a CIC 
2.4.3. CIC converting to a charity (see chapter 10) 
2.4.4. A CIC may have wholly charitable purposes 
2.4.5. A CIC may pass its assets and profits to a charity 
2.4.6. Some points to consider 

2.5. Charities considering setting up a CIC subsidiary company 

2.6. Industrial and provident societies (IPS) 
2.6.1. IPS considering converting to a CIC (see chapter4) 
2.6.2. CIC converting to an IPS BenCom (see chapter10) 
2.6.3. Useful websites:

2.7. Excluded companies and political activities 

2.8. Community interest company names