Firestarter Podcast 8 - Community Interest Companies part 2
This week's podcast features an interview with Adrian Ashton looking at the pros and cons of Community Interest Companies (CICs). This is part 2 of the interview and was recorded at Cafe 72 in Todmorden - the most child-friendly cafe we have ever seen :)
This podcast covers:
- If you need to raise funding in the early stages, being limited by shares is extremely useful
- The legal structure you will need to be in the NHS pension scheme
- Why CICs are being pushed .... sometimes inappropriately
- CICs cannot be established for political activity or for campaigning
- The power the regulator has to remove directors, appoint directors and dissolve the CIC without any consultation
- The regulator can overule the wishes of the CIC's own community
- The power the regulator has to restrict your trading activity
- The power the regulator has to instigate civil proceedings (i.e. sue people) on your behalf without your consent
- The asset lock restricts the level of interest payments to an outside investor or institution
More from Adrian at www.adrianashton.co.uk
Podcast 8 - This can be downloaded here (19 Mb)
The music is "Fire Dance" by djbouly and is brought to you under a creative commons licence.