The Ontario Ministry of Government and Consumer Services is seeking feedback on a new report on a potential framework for social enterprise legislation for the incorporation of “hybrid” corporations.
This report makes recommendations on whether legislation should be introduced and, if introduced, the type of corporate structure which should be created. The recommendations include:
- The structure should protect the social mission and attract investment
- The structure should provide clarity for owners and directors and lower the overall cost of establishing and operating a dual purpose corporation
- The structure must balance the interests needed to encourage multiple bottom line businesses
The recommendations were developed by a volunteer panel of stakeholders with expertise in the field of social enterprise. As part of the government’s broader Social Enterprise Strategy for Ontario, the Ministry of Government and Consumer Services assembled this panel to explore the potential for new corporate structure legislation in Ontario.
Based on the responses provided to the consultation on this report, the ministry will consider whether and how legislation could support investment and growth for the field of social enterprise.
Download the Public Consultation Feedback Form
Download the Report
How You Can Help
The Ministry of Government and Consumer Services is seeking public input on this Report to help explore whether framework social enterprise legislation for the incorporation of “Hybrid” corporations should be pursued, and how it should support an enterprise with a mandated social purpose and private interest.
You may submit your comments and ideas:
- to the Regulatory Registry;
- by e-mailing them to; consumerpolicy at ontario.ca with “Social Enterprise Report” in the subject line; or
- by mailing them to:
Social Enterprise: Hybrid Legislation
Consumer and Business Policy
Ministry of Government and Consumer Services
5th Floor, 777 Bay Street
Toronto, ON M7A 2J3