Community Interest Companies (CICs) Explained

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About Course

A community interest company (CIC) is a limited company that exists to benefit the community rather than to make private profit. This course explains the community interest test, the asset lock, the choice between limited by guarantee and limited by shares, the dividend cap, the annual CIC report and how CICs differ from charities.

Tutwoo is an independent learning provider. This course is general guidance written from published official sources and is not legal advice.

What Will You Learn?

  • Explain what a CIC is and when it may suit a social enterprise
  • Understand the community interest test and asset lock
  • Compare CICs limited by guarantee and by shares, including the dividend cap
  • Meet the annual CIC report duty

Course Content

Course Lessons

  • What a CIC is
  • The community interest test and asset lock
  • Shares, dividends and annual reporting

Sources & Further Reading
The official guidance this course is based on.

Final Assessment

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