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 Posté le: Lun Sep 30, 2013 6:48 pm Sujet du message: discount moncler jackets |
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Janice Abbott, CEO of Atira Women’s Resource Society, a non-profit that owns a for-profit company: new business model aimed at social enterprises wasn’t for her company because of onerous reporting requirements and a rule that locked assets | Richard LamBy Jen St. DenisTue Aug 13, 2013 12:01am PSTVancouver’s social enterprise community is taking a hard look at a new business model now available in British Columbia, but says its many restrictions will likely deter most businesses and non-profits from using it.Starting on July 29, B.C. businesses could start registering to become a community contribution company (C3). C3s are designed to allow socially conscious businesses to raise funds from private investors but within a framework that guarantees the business will stay true to its social mandate (see sidebar).The new business model will make it easier for non-profits to plan and deliver programs, said Gordon Hogg,[url=http://www.moncler-sale.org]moncler on sale[/url], MLA for Surrey-White Rock,[url=http://www.moncler-sale.org]moncler on sale[/url], who worked on the legislation change. Legislation currently prevents charities from running a business that’s not related to their mandate. Hogg said the C3 model will make it easier for charities to operate unrelated businesses.“The whole notion is, how do you start to blend the strengths of the marketplace and the free enterprise model with the benefits of the non-profit service delivery model?” he said.But to take advantage of the model,[url=http://www.moncler-sale.org]moncler down jackets[/url], organizations must be willing to abide by regulations that restrict the sale and transfer of the company’s assets and cap dividends at 40%.That made the idea a no-go for Vancouver-based social enterprise Atira Property Management,[url=http://www.moncler-sale.org]moncler down jackets[/url], a profit-making company owned by non-profit Atira Women’s Resources Society.“The assets are locked, which would likely reduce the value if we ever wanted to sell – not that that’s even a thought on the horizon for us,” said Atira CEO Janice Abbott.She added that other factors include onerous reporting requirements and the fact that Atira isn’t looking for investors.This type of hybrid model is needed as non-profits increasingly set up businesses to help fund their operations and businesses try to incorporate social values, said Del Friday, a lawyer with Kuhn LLP who has worked with many social enterprise clients.“Neither of those two models are great, because it’s hard to do business inside a charity,” said Friday. “The tax system is not set up for charities, and charities are only allowed to do related business.”But so far, Friday hasn’t seen any interest from the non-profits she works with, noting that many of them “just don’t have the money” to start up a business.Most of the inquiries she’s been getting have been from young,[url=http://www.moncler-sale.org]moncler outlet[/url], socially conscious entrepreneurs. However, Friday is not sure she’d recommend the model to them.“If it’s true that 95% of all businesses fail in one year, what does that mean when your assets are locked?” she asked. “If you bought a piece of real estate and you put it into your company and now you’ve gone out of business, you’re not allowed to take it out.”The model would likely work best with a large, well-resourced charity, said David Geertz, the founder and CEO of SoKap,[url=http://www.moncler-sale.org]moncler sale[/url], a profit-making company that helps charities set up social enterprises.But Geertz said it would be difficult to scale up a new business to the point that it could divert the bulk of its profits to its social mission, as required by the C3 rules. Many small charities would not have the resources to set up a C3 company, he said.Hogg said he’s heard interest from a group of parents of autistic children who want to form a C3 to provide services for their children.An organization in Richmond has also spoken to him about forming an umbrella group for several non-profits that deliver community services.The next steps are to lobby the federal government to allow C3s to issue donation tax receipts, said Hogg.He also hopes that the venture capital tax credit,[url=http://www.moncler-sale.org]moncler outlet[/url], which in B.C. is currently used to encourage investment in industries like tech and mining,[url=http://www.moncler-sale.org]discount moncler jackets[/url], can be extended to C3s.Tags: regulation, real estate,[url=http://www.moncler-sale.org]moncler sale[/url], mining, entrepreneur
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