Why Should Your Nonprofit Prepare for ONCA Now? Act Before the October 18, 2024 Deadline!
The implementation of the Ontario Not-for-Profit Corporations Act (ONCA) is fast approaching, with the deadline set for October 18, 2024. This post emphasizes why your nonprofit should start preparing immediately.
Compliance Deadline: The deadline for complying with ONCA is just around the corner. Nonprofits need to start preparing now to avoid any last-minute rush and potential legal issues.
Revising Governing Documents: Many organizations will need to revise their bylaws and other governing documents to align with ONCA standards.
Training and Adaptation: Transitioning to ONCA might require training staff and board members to understand and implement the new regulations effectively.
Early preparation for ONCA is not just about compliance; it's about ensuring your nonprofit continues to operate smoothly and effectively under the new legal framework. Act now to meet the October 18, 2024 deadline and secure the future success of your organization.
The material provided on this website is for information purposes only.. You should not act or abstain from acting based upon such information without first consulting a Charity Lawyer. We do not warrant the accuracy or completeness of any information on this site. E-mail contact with anyone at B.I.G. Charity Law Group Professional Corporation is not intended to create, and receipt will not constitute, a solicitor-client relationship. Solicitor client relationship will only be created after we have reviewed your case or particulars, decided to accept your case and entered into a written retainer agreement or retainer letter with you.
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