A CIC Company is a limited company that is set up to serve a community with a view to fulfil a Social purpose or Mission.
Your CIC can be limited by guarantee or shares.
Each has its main benefit. Once your application has been successful, you will get a CIC registration Number.
Before setting up a Charity, you will need to know who the trustees will be, where would you like to operate and what sort of work your Charity is planning on doing. To open a charity, you will need at least 2 trustees. Also, you must decide what sort of legal structure it will have.