This episode explains challenges to founder control in standard non-profit structures where all members typically have voting rights.
It then presents two main solutions involving different membership classes to mitigate this challenge.
The first solution proposes a structure where only board members are voting members, ensuring they control board appointments. The second involves multiple classes of members.
These strategies enable founders to maintain influence over the non-profit's direction and board composition without worry of losing control of the nonprofit or charity.
If you are looking to register a nonprofit or charity and need assistance with ensuring you, as the founder, retain control, call us at 416-488-5888 or by email ask@charitylawgroup.ca, and our experienced charity lawyers can assist with bylaw and related resolutions formation and revisions, giving you absolute control.