Which category should I select when signing up as a CIC/not-for-profit?

[NWID]

The title of this thread has been edited from the original: CIC/Not for profit category

I'd like to sign up to Square, but I'm unsure which business type and category I should place my business under?

I run a CIC (not for profit) which deals with health and wellbeing.

Thank you. 

[Summer2024 · Accepted solution]

Hi, @NWID ! Welcome to the Square Community! I am so glad you are considering using Square to support your CIC. I've provided an outline below of what your options are when it comes to selecting the business category. 

Business Category Selection:

For health and wellbeing, you have several relevant options:

1. Healthcare Services:

   1. Medical Services (8099)

      • NHS-registered practitioners
      • Private healthcare providers
      • Alternative medicine practitioners
      • Complementary therapists

   2. Health Practitioners (8011)

      • Private doctors
      • Healthcare professionals
      • Registered medical practices
      • Health consultants
   Wellness and Therapeutic Services:

   3. Health and Beauty Spas (7298)

      • Wellness centres
      • Day spas
      • Beauty therapy
      • Holistic treatment centres

   4. Personal Care Services (7298)

      • Massage therapy
      • Physiotherapy
      • Osteopathy
      • Acupuncture
   Fitness and Physical Health:
   5. Physical Fitness Facilities (7997)
      • Fitness centres
      • Yoga studios
      • Personal training
      • Wellness studios
   Mental Health and Counseling:
   6. Counseling Services (8099)
      • Mental health practitioners
      • Psychologists
      • Counselors
      • Therapists

Required Information:

1. Business Details:

   • CIC registration number
   • Registered business address
   • Contact information
   • Company directors' details

2. Financial Information:

   • Bank account details
   • Sort code
   • Account number

3. Documentation:

   • CIC incorporation documents
   • Proof of address
   • ID verification

Best Practices for UK CICs:

1. Tax Considerations:

   • Ensure VAT settings are correct
   • Set up appropriate tax categories
   • Configure Gift Aid if applicable

2. Compliance:

   • Keep CIC regulatory requirements in mind
   • Maintain proper transaction records

I hope this helps! 

[NWID]

Thank you Summer2024

Much appreciated!