轉寄︰ Community Contribution Companies passed into law in BC!

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“When you do the common things in life in an uncommon way, you will command the attention of the world.” George Washington Carver

What is Social Entrepreneurship?

Statement of Faith
You can find other “Market with Meaning” but you definitely want to see “Profit with Purpose”.
I personally “Believe in Kingdom Transformation” because I know there is only ONE “Life for Significant”.

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—– 轉寄的郵件 —-
寄件人︰ BC Centre for Social Enterprise <stacey@centreforsocialenterprise.com>
收件人︰ incubator.hou@gmail.com
傳送日期︰ 2012年05月19日 (週六) 11:35 AM
主題︰ Community Contribution Companies passed into law in BC!

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C3’s passed by Royal Assent this week
May 18, 2012
We are delighted to report that Bill 23, Finance Statutes Amendment Act, 2012 (BC) was passed into law this week, by Royal Assent.

Included in this Bill is the new social enterprise hybrid legal structure called the Community Contribution Company (or C3). BC is the first province to hold such legislation.

Creation of the C3 stemmed from consultations among non-profits engaged in or entering the social enterprise realm, beginning in 2010.

Bill 23 was first introduced to the BC Legislature on March 5, 2012.

The hybrid most closely resembles the UK’s Community Interest Company (or CIC).

BC’s Community Contribution Company features an asset lock, interest and dividend caps, and an extra layer of community impact reporting.

Embedded within the BC Business Corporations Act, the C3 is a taxable corporation.

Details of the C3’s features will become clearer during the Ministry of Finance’s drafting of the regulations associated with the new structural option. We hope to see the option made available for use by early 2014. Stay tuned…

Stacey Corriveau

BC Centre for Social Enterprise


Forward email

BC Centre for Social Enterprise | stacey@centreforsocialenterprise.com | Abbotsford | BC | Canada

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