Document background
The Memorandum of Association For Company Limited By Guarantee is a crucial incorporation document used when establishing a non-profit organization under Canadian federal law. It is typically employed when founding organizations that operate for public benefit rather than profit, such as charities, professional associations, or community organizations. The document must comply with the Canada Not-for-profit Corporations Act and includes essential information about the organization's purposes, the guarantee amount that members commit to contribute if the company is wound up, governance structure, and membership rights. This type of incorporation is particularly suitable for organizations that want to ensure their assets and income are used solely for their stated objectives and where members seek limited liability protection while maintaining a non-share capital structure.
