Limited Companies v Community Interest Communities | LTD vs CIC

Website: harris21.com
Are you considering starting a limited company or community interest community and wondering which structure is right for you? In this video, we'll be discussing the differences between each business to help give you some ideas about what could be the correct choice for you.
New video every Tuesday 10:00 GMT
This video is meant to be used as a starting point to help you and use as reference when getting further, specific advice. We highly recommend speaking to a professional as we know from experience that this will definitely save you time, ensure you meet all statutory and filing deadlines and most importantly help save you tax!
At Harris 21 we are an accountancy and tax advisory practice for a digital and ever changing world, helping support our clients to achieve their goals.
We combine years of expertise working with entrepreneurs, property owners and investors, a fabulous team, innovation and knowledge. We are passionate about sustainability and a paper free corporate world!
Please get in touch if you would like to know more detail, we would love to help.
00:00 - Introduction
00:40 - Main differences
01:15 - Setting up
02:19 - Running the businesses
03:38 - CIC do have to pay tax
04:30 - Converting Ltd to CIC
04:47 - Getting advice
06:00 - Information in the public domain
06:36 - Day to day buiness operations
07:39 - Summarising
09:21 - CIC vs Charity
10:29 - Outro

[@getdunkedon9946]

This has really helped highlight some differences and saved me a lot of reading! Thank you very much

[@Harris-21]

More on Ltd vs CICs: harris21.com/2023/03/28/cic-v-ltd
Office of the Regulator for Community Interest Companies: www.gov.uk/government/organisations/office-of-the-regulator-of-community-interest-companies