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What is the difference between a Community Interest Company and a Company Limited by Guarantee?

April 26, 2017COMPANY difference guarantee limited

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What is the difference between a Community Interest Company and a Company Limited by Guarantee?

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The basic structure of a Community Interest Company (CIC) is the same as a Company Limited Guarantee. The main difference is that a CIC has additional checks and safeguards such as the asset lock and community statement which safeguard the assets of the company.