On 17 February 2016 at 22:57, Rob Nickerson <[email protected]> wrote: > Hi all, > > One of the outstanding actions for the UK group is should we set up as a > regular Limited Company or a Limited Company with Community Interest Company > (CIC) special features. The special features (e.g. Asset Lock) sends a clear > message of our intention to support the community rather than personal gain. > > The two main questions are: > > Question 1: How much annual overhead? > It would require an extra annual form (CIC34) but as Brian noted during the > last meeting this is straightforward. Worked example: > https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/454007/example-form-cic34-short-version2.doc > > Question 2: What if we end up dissolving the group? > In this case we need to find another CIC or a Charity to transfer any > remaining assets to. We cannot transfer to a plain Limited Company such as > the OSMF. > > In my view the annual overhead is minimal yet being a CIC brings clear > benefits from a transparency point of view. I would recommend that an OSMF > member raise the question of becoming a CIC to the OSMF Board as the > transparency would benefit them too (and should we ever dissolve the UK > group it would make things much simpler). If the OSMF were to "upgrade" to > CIC status it would cost them just GBP 25. They should consider what impact > the asset lock will have on their regular activities (e.g. cannot transfer > assets at less than full market value). > > Best, > Rob > > _______________________________________________ > Talk-GB mailing list > [email protected] > https://lists.openstreetmap.org/listinfo/talk-gb >
-- Robert Whittaker _______________________________________________ Talk-GB mailing list [email protected] https://lists.openstreetmap.org/listinfo/talk-gb
