CIC - LBG - Limited by Guarantee

CIC - LBG - Limited by Guarantee

£ 299.00
  1. CIC: This typically stands for "Community Interest Company." A Community Interest Company is a legal structure used in the United Kingdom (UK) and a few other countries. CICs are a type of company that is designed for social enterprises that want to use their profits and assets for the public good. They have a primary goal of benefiting their community or a specific social purpose.

  2. LBG: In this context, "LBG" likely refers to "Limited by Guarantee." This is a specific type of legal structure for companies in the UK. In a company limited by guarantee, the members (often called "guarantors") agree to pay a nominal amount in the event of the company's liquidation or winding up. This structure is commonly used by non-profit organizations, charities, and social enterprises, including CICs, to protect their members from personal liability.


So, "CIC - LBG - Limited by Guarantee" suggests a Community Interest Company that has chosen the legal structure of being limited by guarantee. This combination of legal structures is often used by organizations with a social or community-focused mission in the UK. Keep in mind that specific details and regulations regarding CICs and companies limited by guarantee may change over time, so it's essential to consult the latest legal and regulatory information if you're involved with such an entity


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