What should happen when a nonprofit intentionally makes the difficult decision that it is time to close its doors for good? Can it simply stop with annual corporate maintenance and allow itself to be struck from the Register (a list of incorporated entities in Alberta)?
The Freedom to Care Act came into effect on September 1, 2021. The Act protects volunteers of nonprofit organizations and allows nonprofit organizations to apply for one-time, short-term exemptions from regulations.
Did you know that Alberta Corporate Registry is now allowing nonprofits to file some documents by email? If it is time for your society to start preparing and filing its required annual return or if your organization has to file a Notice of Appointment of Agent for Service, Alberta Corporate Registry is now allowing email filing.
On March 29, 2021, certain sections of the Red Tape Reduction Implementation Act, 2020 amending the Companies Act were proclaimed into force. As of June 1, 2021, the remaining sections of the Red Tape Reduction Implementation Act, 2020, that amend the Companies Act have been proclaimed into force.
For those wishing to embark on social enterprise, there is a lot to consider. There is no designated legal structure for a social enterprise and the structural options and set up costs for all entities vary from province to province. Since there are multiple incorporating statutes in Alberta, and since tax status is governed federally, it is confusing for enterprising charities and nonprofits to understand the restrictions surrounding their ability to earn revenues or generate profits.
If your nonprofit organization is incorporated under Part 9 of the Companies Act, you will want to get up to speed on a number of changes that were proclaimed into force on March 29, 2021.