Ontario’s Co-operative Corporations Act describes what a co-operative is and dictates how co‑operatives must operate. However, because the Act is legislation, written by parliamentarians and lawyers, it uses specialized terms that can be confusing to people outside the legal profession. That’s
The following tips relate to the process for documents that are submitted to the Financial Services Commission of Ontario (FSCO) by the co-operative sector, such as the Articles of Incorporation and Amendment. If you are looking for legal requirements that
Article of incorporation with share (Form 1) For raising money by issuing and selling shares to be registered as a co-operative with share capital. Article of incorporation without share (Form 2) For raising money by accepting loans or issuing other forms of
Co-operatives are required to provide a copy of an Offering Statement to prospective buyers of their securities before any purchase is made. Every Offering Statement is unique and the information contained therein is dependent on the individuality of the business
Co-operatives are member-owned corporations incorporated under Co-operative Corporations Act ("the CC Act"), and are member owned and controlled businesses which operate on co-operative democratic and financial principles: One member, one vote, regardless of the amount invested; Distribution of surplus to members, based
This package from the Financial Services Commission of Ontario contains the information and forms you need to incorporate a co-operative without share capital. Published May 2011.
This package from the Financial Services Commission of Ontario contains the information and forms you need to incorporate a co-operative with share capital. Published May 2011.
This guide covers the basic steps to start a co-operative. It's aimed at groups starting either co-op businesses or non-profit co-ops. The Guide to Setting up a Co-operative contains general information about the Co-operative Corporations Act and basic financial matters. It is only an