jennie/wiki_ghostguild
1
0
Fork 0
Code Issues Pull requests Projects Releases Packages Wiki Activity Actions

wiki content export 2026-04-07

Browse source
This commit is contained in:
Wiki Bot 2026-04-07 10:15:59 +00:00
parent ed05044464
commit 951c8807a8
28 changed files with 538 additions and 804 deletions
Download patch file Download diff file Expand all files Collapse all files

10
content/wiki/cooperative-foundations--s8-incorporation-pathways.md
View file

@ -11,12 +11,12 @@ createdBy: Jennie R.F.
:::info
**Ontario Adaptation**
This section covers the Ontario-specific incorporation process, costs, and readiness assessment. It r*eplaces* the generic incorporation overview in [Session 8: Self-Evaluation and Pathways](/doc/8c4f622c-661b-4e40-bb59-446b8b37cf4b) .
This section covers the Ontario-specific incorporation process, costs, and readiness assessment. It r*eplaces* the generic incorporation overview in [Session 8: Self-Evaluation and Pathways](/doc/8c4f622c-661b-4e40-bb59-446b8b37cf4b).
:::
## For-profit vs. non-profit co-op: this decision matters!
## For-profit vs. non-profit co-op: this decision is critical!
This is the most consequential structural choice. A for-profit co-op incorporated under the Co-operative Corporations Act is eligible for the OIDMTC (40% refundable tax credit on Ontario labour), Ontario Creates funding, and can deduct patronage dividends from taxable income. A non-profit co-op cannot access any of these.
@ -43,12 +43,14 @@ Incorporation is not hard or expensive, which makes it tempting to rush and trea
Over-specifying the objects of the corporation or the share structure is usually counterproductive. Flexibility serves the co-op better as the business evolves. The Cooperative Corporations Act (Ontario's in particular) already covers a lot of ground; the articles of incorporation are secondary in legal precedence, so you don't need to replicate what the Act already handles.
:::tip
Bylaws are important, but not the most important thing. *Economic viability is*. Don't fixate on bylaws to avoid the harder work of building sustainability.
Bylaws are important, but *not the **most** important* thing. Don't fixate on bylaws to avoid the harder work of building sustainability.
:::
## Asset transfer at incorporation
If you've been operating as a sole proprietorship and buying equipment, you can do a one-time asset transfer into the new corporation at no cost - it's not a sale. But once the corporation exists, the CRA treats the two as separate entities. Plan the timing.
## Realistic legal budget: $2K-$5K for customized bylaws