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→Incorporation
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Why incorporate? Some funding options, such as certain government grants and charitable | Why incorporate? Some funding options, such as certain government grants and charitable | ||
foundations, will only grant money to incorporated non-profit organizations. | foundations, will only grant money to incorporated non-profit organizations. | ||
Incorporation can provide advantages for an organization. It provides a legal | Incorporation can provide advantages for an organization. It provides a legal structure that stays in place even as the active members change over the years. An incorporated non-profit can enter into contracts and have its own bank accounts. | ||
structure that stays in place even as the active members change over the | |||
years. An incorporated non-profit can enter into contracts and have its own | |||
bank accounts. | |||
What is incorporation: | What is incorporation: | ||
When you incorporate, you are establishing an artificial entity that is considered to be a legal person and is registered with a provincial and/or federal enterprise registrar. In Quebec, the provincial enterprise registrar is called Registraire des entreprises (www.registreentreprises.gouv.qc.ca). The federal enterprise registrar is run by Industry Canada and called Strategis (www.ic.gc.ca). Once your organization is incorporated, some information | When you incorporate, you are establishing an artificial entity that is considered to be a legal person and is registered with a provincial and/or federal enterprise registrar. In Quebec, the provincial enterprise registrar is called Registraire des entreprises (www.registreentreprises.gouv.qc.ca). The federal enterprise registrar is run by Industry Canada and called Strategis (www.ic.gc.ca). Once your organization is incorporated, some information about it will be available in a register for the public to see (your address, your last submitted list board of directors, whether you filed your annual documents on time, etc.). | ||
about it will be available in a register for the public to see (your address, | |||
your last submitted list board of directors, whether you filed your annual | |||
documents on time, etc.). | |||
An incorporated non-profit organization must follow certain requirements by | An incorporated non-profit organization must follow certain requirements by law. Here is a summary of some of the obligations for non-profit organizations incorporated with the province of Quebec: | ||
law. Here is a summary of some of the obligations for non-profit | |||
organizations incorporated with the province of Quebec: | |||
* The organization must have a governing board of directors with at least | * The organization must have a governing board of directors with at least | ||
three directors who are elected by the members. | three directors who are elected by the members. | ||