Canadian society has long viewed charities and other not-for-profits as being wholly different from businesses. But recently, society has begun to focus more on social purpose and social impact as goals. This has resulted in real change to how lawyers give legal advice to charities and not-for-profits, and to the broader sector of individuals and organizations with social goals: the “social impact” sector.
Lawyers are deepening their knowledge of the business limitations on registered charities, starting to set up business vehicles for existing clients and exploring multiple entity structures with mixed purposes for startup clients.
Miller Thomson LLP’s Robert Hayhoe describes this shift in February’s Change Agent column.
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