Community Interest Company (CIC)

A Community Interest Company (CIC) is a type of limited company whose profits are reinvested in the mission of the organisation to benefit the community, instead of private shareholders. There are different types of CICs; they can be limited by guarantee or limited by shares. 

A CIC limited by guarantee is a company which has no share capital and cannot pay dividends. 

A CIC limited by shares has capital that is divided into shares for individuals to invest in.