Manitoba Non-Profit Organizations
A non profit organization is one which is created with the intention to not make personal profits. It is formed for non-commercial purposes, for example, to perform community work or to establish a social or athletic club. Any profit that is made is used to further the goal or undertaking of the organization. Profits must not be used by the individuals involved for their own personal financial gain.
While it is not necessary for this type of organization to be registered in order to operate on a non profit basis, the following two options are available:
Option 1: Incorporate under The Corporations Act
Incorporation creates a legal entity for the organization and those individuals who are involved with it.
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Option 2: Register a Name Notation under The Corporations Act
A name notation is typically used by non profit groups which are not incorporated. It is not mandatory and just notes the name of the organization on the records of the Companies Office for a period of three years.
A name notation does not have the advantages of incorporation as shown above.
- If the organization requires funding, it may not be recognized by federal, provincial, or private funding sources as it is not incorporated.
- It may not be able to set up a bank account under the name notation as it is not an incorporated entity.
- The name is noted for three years. If the group remains in existence after three years, it can be renewed for a further three year period.
- A name notation cannot have the following words as part of its name: Incorporated, Limited, Corporation, or the abbreviation or French equivalent.
Select one of the following options for more information.