It is a specific type of cooperative enterprise that is incorporated under the Co-operative Corporations Act of Ontario and issues shares to its members.
It is a charitable organization that has been officially registered and recognized by the Canada Revenue Agency (CRA) under the Income Tax Act as eligible to issue official donation receipts for tax purposes.
An Ontario Professional Corporation (OPC) is a type of business entity that allows certain regulated professionals in Ontario, Canada to incorporate their practice while maintaining limited liability protection.
A non-profit organization (NPO) in Ontario, Canada, is a type of legal entity that operates for purposes other than generating profit for its members or owners.
A Holding Company, also known as a parent company, is a type of corporation that exists primarily to own and control other companies, known as subsidiaries.
In Ontario, Canada, organizations that operate for charitable purposes and seek to benefit the community can choose between becoming a non-profit organization or obtaining registered charity status.
When considering how to structure a business entity, entrepreneurs and investors often evaluate the advantages of forming a holding company versus a standard corporation.