Setting up a Social Enterprise at low cost
More organisations are looking at as a Social Enterprise for reasons such as:
- More likely to lead to a sustainable model with a social objective
- Provides more freedom to operate than the classical charity or government organisational model
- Minimises the distractions in terms of short-term profit maximisation that a full commercial model brings
We bring experience of setting up and running a Community Interest Company (CIC), a charitable company limited by guarantee and a regular limited company with a Social Enterprise-type mandate. We can help you assess the pros and cons of each.
Particular aspects we can also help with:
- Setting up the legal entity at low cost
- Setting up the Board and governance processes
- Addressing team roles and dynamics effectively
- Developing the financial plan and reporting
- Raising funds - either grants, giving or equity
- Maximising tax advantages
Blonay has been involved in several Social Enterprise ventures