When setting up or starting a non-profit, most think of a charity or social enterprise, such as a Community Interest Company (CIC), but which to choose and there are different types of both. This resource provides a practical guide and checklist to help you make the best choice.
Most people start by looking at the different legal structures but choosing whether to set up a CIC or charity, really depends on what you want. CICs and charities are both great choices - depending on what you're trying to do. Plus, there are different types of each and other options in addition to CICs and charities. This resource walks you through everything in a way that lets you decide what's best for your circumstances.
Setting up and running any type of non profit, be that a charity or CIC social enterprise, involves time and workload, so here are some options to avoid that.
Charity Excellence gives you everything you need in one place - it's simple, quick and completely free. Eight online health checks, the Funding Finder database and huge resource base, including 50+ downloadable funding lists. And it works for CICs too.
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The line between charities and private business is becoming more blurred and being an ethical company can have real commercial benefits, including improved customer perception and greater staff engagement. There are a range of options.
Here are some key questions you need to ask in order to decide if a CIC or charity would be the best choice for you.
This infographic shows you visually the most common types of non profit and the pros and cons of each.
However, by far the 2 most common choices are a CIC Limited By Guarantee or a registered charity, usually a Foundation CIO.
The Charity Excellence Start-up Toolbox gives you everything you need to make your new non-profit a success. You can find the funding you'll need using the Funding Finder database, which includes search categories for both social enterprises and small charities & community groups, as well as 50+ downloadable funder lists. You can also health check your charity or CIC in half a day, access the huge resource base, including 100s of organisations that provide free help and resources, and achieve the Quality Mark.
To find the help and funding you need – Register Now
I am neither a qualified accountant, nor a lawyer, so am not competent to provide professional advice, so this is simply a layman's guide. if you need professional advice, you should seek it, as my guide is no substitute for this. You can find links to pro bono support on the Free Goods & Services page.