Deep Green Care Community was incorporated as a Community Interest Company Limited by Shares on 29 April 2009, Registration no.6892280. The Community Interest Company or CIC is a relatively new legal form established specifically for social enterprise. You can read all about it on the CIC regulator's website.
We deliberated long and hard about the legal form, Coop? Charity? Company Limited by Guarantee? We opted for a Company Limited by Shares as it opened up potential ways of financing the venture.
Currently there are only 2 of us who are directors, and also members and shareholders! but there remain plenty of unallotted shares so that everyone who comes to live or work in Deep Green can become a shareholder (of 1 share). I've retained half plus 1 (50.1%) of the shares, so that I can be assured that the vision and values I aspire to for the organisation will be protected until the organisation is mature, at which point I will let it stand on its own 2 feet (I promise).
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