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Legal Research

: Slaw.ca

Community Interest Company

By Michael Lines

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Neither a for-profit nor a charity, the Community Interest Company is a new form of corporation, one that is run for the benefit of the community. Unlike a charity, it can generate profits, so long as they are used for the purposes identified in its constitution. The UK now has a legal form, regulations, and a registrar for them, but Canada does not. The CIC is an example of the Social Enterprise, a concept that has been current since 2001, and is still being explored. It might help solve problems like this one.

Full post as published by Slaw.ca on September 18, 2009 (boomark / email).

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