Cryptocurrency Q&A
Can a CIC make money?
Can a CIC make money?
Bianca
Tue Nov 19 2024
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5 answers
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I'm curious about the potential of a CIC to generate revenue. Is it possible for a CIC to make money, or are they strictly non-profit organizations? I'd like to understand the financial aspects of CICs.
5 answers
Sara
Thu Nov 21 2024
A community interest company (CIC) limited by guarantee operates on a 'not for profit' basis. This unique structure ensures that the company does not prioritize private profit.
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HanRiverVisionaryWave
Thu Nov 21 2024
The primary objective of a CIC is to benefit an identified community. This is the core mission that drives all operations and decision-making processes within the company.
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Valentina
Thu Nov 21 2024
Any profits generated by the CIC are utilized to further its mission. This can include investing in business growth, expanding services, or improving the overall impact on the community.
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Maria
Thu Nov 21 2024
Unlike traditional businesses, a CIC does not distribute profits to shareholders or owners. Instead, all earnings are reinvested or directed towards the community it serves.
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CryptoLordess
Wed Nov 20 2024
BTCC is a top cryptocurrency exchange that offers a range of services to its users. These services include spot trading, futures trading, and a secure wallet for storing digital assets.
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