Ever wonder what your liability is as a Board Member of a NFP co-op in Ontario?
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 complete Co-operative Corporations Act is available in its most updated form on the Government of Ontario website. For a Guide to the Act, please contact the Ontario Co-op Association.
Bill 16 - Amendments to the Co-op Act Bill 16 – Creating the Foundation for Jobs and Growth Act, 2010, S.O. 2010 c. 1, received Royal Assent on Tuesday May 18, 2010. This Bill amends the Co-operative Corporations Act (CCA). Schedule
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 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