On October 20, 2010, the BC Ministry of Finance announced that it is ‘considering amendments to the Business Corporations Act to allow for the incorporation of a new hybrid type of company - the Community Interest Company (CIC) - which would both benefit the larger community and allow limited investor returns within the context of a traditional for-profit company’.

This provincial government consultation – ‘...the purpose of [which] is to seek the input of all British Columbians on the CIC model and its potential impact on existing non-profit and for-profit entities operating in the province’ – is not formally associated with the BC Centre for Social Enterprise.

To support the process, we offered two papers to the sector as background contextual information. Click on the titles to view them.

‘Backgrounder re: social enterprise legal structures in Canada’  

‘Backgrounder re: social enterprise legal structures – US and UK innovations’  

British Columbians were actively encouraged to participate in the BC Ministry of Finance consultation, which closed on December 1, 2010. More information can be found by clicking here. Do check back regularly for updates.

To weigh in on the SEE Change blog on the topic,  click here.

To view the Social Finance.ca blog, click here.

To view the January 2011 article on the topic in BC Business Magazine, click here.