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To incorporate a co-op, there are minimum standards that must be met. You
must have:
-
three
individuals or two corporations willing to act as incorporators;
-
three
individuals willing to act as first directors;
-
approval
of the cooperative’s name at the
Office
of the Registrar of Cooperatives;
-
completion
of a name reservation at the
Companies
Office;
-
completion
of Articles of Incorporation;
and completion of
Bylaws
-
If
the amount of the membership requirement exceeds $1,000 in
membership shares, or if investment or special investment shares
(delivery rights) are being issued, an
Offering
Statement must be filed with the Registrar.
A request for exemption from filing an Offering Statement
can be made to the Registrar, who may provide the exemption but
may require the use of a disclosure document.
-
If
any investment shares are being sold to the public, a prospectus
must be filed with the
Securities
Commission.
-
The
approved Name Reservation, Articles of Incorporation, Bylaws and
if required, the Offering Statement, must be submitted together
with the required fees to:
Manitoba
Finance
Financial Institution Regulation Branch
Registrar of Cooperatives
1115
- 405 Broadway
Winnipeg MB
R3C 3L6
Phone: (204) 945-4466
Fax: (204) 948-2268
Toll Free Phone: 1-800-282-8069
Email:
Registrar of Coops
Web Site:
www.gov.mb.ca/finance/cca/firb
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