Cryptocurrency Q&A
What are the disadvantages of CIC?
What are the disadvantages of CIC?
HanjiArtistryCraftsmanship
Tue Nov 19 2024
|
6 answers
1454
I'm interested in understanding the potential downsides or negative aspects associated with CIC. Could you please outline the disadvantages or challenges that might arise from it?
6 answers
CryptoGuru
Thu Nov 21 2024
A CIC faces several disadvantages.
Was this helpful?
234
24
charlotte_bailey_doctor
Thu Nov 21 2024
The most significant drawback is the application of Corporation Tax on trading profits.
Was this helpful?
226
79
Tommaso
Thu Nov 21 2024
This tax rate and the related legislation are identical to those for a trading Limited company.
Was this helpful?
219
52
Federico
Thu Nov 21 2024
Another issue is the potential limitation in accessing community funding.
Was this helpful?
356
55
CryptoProphet
Wed Nov 20 2024
This type of funding may not be as readily available to CICs as it is to other entities.
Was this helpful?
297
20
Load 5 more related questions
