Adding C.I.C. company profile - is it a charity ltd or Non-ltd

[dbwest1]

Hi, Adding C.I.C. company profile - is it a charity ltd or Non-ltd.

How do I check ?

Thanks, David

[martinprice]

CICs are limited companies. There are other discussions that will help you think about the considerations and what is right for your company.

New client CIC limited by guarantee

Just further thoughts – I get what you mean, and I think this is the limitation of QuickFile to be honest. That they don’t cater for CIC’s (limited or unlimited). Therefore if you have signed up to Quickfile, Limited company format, and submit your own accounts you have to be careful you aren’t marking excess contributions/donations/grants as ‘trading income’.

Community Interest Company - Quickfile Setup - Help!

I would go with “Charity (Limited)”. It won’t make a huge amount of difference aside from a few extra ledgers and features that you most likely won’t use. The bookkeeping side is much the same whichever trading model you use and you will certainly be able to run a P&L for any period.