Yet Another Cycling Forum
General Category => Freewheeling => Topic started by: joy of essex on 04 June, 2019, 02:49:36 pm
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Hello, it looks like my cycle club needs to change from being an unincorporated body to an incorporated body. In this case, become a community interest company. The change in status is being driven by our having to sort out the ownership of some land the club holds.
Having done some research, it doesn't look like many cycling clubs have needed to do this . Indeed, we would like to avoid doing so, if it weren't for our "ownership " of a Hut.
So, has any one on here done this for their cycle club or another body.
What was it like?
Did you use Lawyers , accountants or both to set up your CIC.
I should add the BC is of no help what so ever but that Sport England , the FA and other sport governing bodies where clubs are more likely to own property or whose events are more commercial have been sources of useful advice.
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Presumably there are benefits to the CIC arrangement over forming a limited company which then becomes dormant?
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Many mountaineering clubs own huts, you could have a look at how they organise it.
Sent from my moto x4 using Tapatalk
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We became a limited company last year. Most of the expertise was within the club, though.
You’ll need some accountancy advice for setting up the company, although you can buy them off the shelf. Suggest you’ll need lawyers for the property bit.