Over 27,000 non-profit organizations in BC will be governed by the new Societies Act when it comes into force on November 28, 2016:
- Applies to all organizations currently registered under the provincial Society Act
- Registered charities, religious societies, philanthropic organizations, professional associations, sports clubs and teams, churches, community centres, fraternal groups, etc.
One big change in the new legislation is the distinction between two different types of society: the member-funded society and the publicly-funded society. Societies who wish to transition into member-funded societies will have certain steps to follow during the transition process. What is the difference between the two types of societies?