The community contribution company is a type of
corporate structure set up in 2012 in
British Columbia
British Columbia is the westernmost Provinces and territories of Canada, province of Canada. Situated in the Pacific Northwest between the Pacific Ocean and the Rocky Mountains, the province has a diverse geography, with rugged landscapes that ...
, Canada. It is intermediate between a commercial,
for-profit
Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit."
A business entity is not necessari ...
, model, and the charitable,
non-profit
A nonprofit organization (NPO), also known as a nonbusiness entity, nonprofit institution, not-for-profit organization, or simply a nonprofit, is a non-governmental (private) legal entity organized and operated for a collective, public, or so ...
organisation.
[Community Contribution Companies]
Government of British Columbia, Ministry of Finance. Accessed Sept 2019. Traditionally,
non-profit
A nonprofit organization (NPO), also known as a nonbusiness entity, nonprofit institution, not-for-profit organization, or simply a nonprofit, is a non-governmental (private) legal entity organized and operated for a collective, public, or so ...
organizations either depend a combination of government funding, philanthropy, and earned income. This corporate model was set up to help build earned income to secure long-term growth.
See also
*
Benefit corporation
In business, and only in United States corporate law, a benefit corporation (or in some states, a public benefit corporation) is a type of for-profit corporate entity whose goals include making a positive impact on society. Laws concerning ...
, a similar type of legal organization in the United States
*
Community interest company
A community interest company (CIC, pronounced "see-eye-see", or colloquially, "kick") is a form of social enterprise in the United Kingdom intended "for people wishing to establish businesses which trade with a social purpose..., or to carry on ...
, a similar type of legal organization in the United Kingdom
*
Social entrepreneurship
Social entrepreneurship is an approach by individuals, groups, Startup company, start-up companies or entrepreneurs, in which they develop, fund and implement solutions to social, cultural, or environmental issues. This concept may be applied to ...
, a practice which involves hybrid for-profit/nonprofit organizational strategies which community contribution companies are designed to accommodate.
*
L3C, a similar type of legal organization in the United States
References
Social entrepreneurship
Social economy in Canada
{{business-stub