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Dear All,
I have a client who wishes to set up a Community Interest Company, this is a relatively new type of company structure within the UK and one I had not heard of until now.
A Community Interest Company is a "limited company created for the use of people who want to conduct a business or other activity for community benefit and not purely for private advantage" (source: http://www.bis.gov.uk/cicregulator).
As I understand, it carries out activities for the benefit of a community but also makes a profit.
My question is, what type of company is it for MLR purposes as I can't seem to classify it under any of the categories available?
Any help would be appreciated!
Meena
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