A Community Interest Company (CIC) is a special type of limited company that exists primarily to benefit the community or with a social purpose, rather than to maximize profit for shareholders.
A Community Interest Company (CIC) is a type of limited company registered in the UK under the Companies (Audit, Investigations, and Community Enterprise) Act 2004. These companies focus on social objectives and ensure their assets are used for the community's benefit.
An organization that provides goods or services with a policy that no individual or group will share in any profits; where a surplus is generated, this must be used to further the goals of the organization. Examples are charities, political organizations, housing associations, and educational institutions.
