Please note the date of this video. While the core content remains relevant, some details (e.g. references to funding, legislation, subtitles or minor facts) may not reflect current standards.
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Sylwer ar ddyddiad y fideo hwn. Er bod y cynnwys craidd yn parhau i fod yn berthnasol, efallai na fydd rhai manylion (e.e. cyfeiriadau at gyllid, deddfwriaeth, is-deitlau neu ffeithiau mân) yn adlewyrchu safonau cyfredol. There are several different models that a business can choose as its structure. Most will typically fit within four main categories - sole trader, partnership, limited liability company, limited company. Each model has its merits, but sometimes it can be hard to decide which best fits your company’s specific needs and requirements.
For Elemental Adventures, a not-for-profit based in Cardigan Bay, the community interest company (CIC) structure was the perfect fit. But what is a CIC? And, what can it allow for community focused organisations? Here Graeme Dow, one of the founders of Elemental Adventures, explains.