Under current Australian Corporations law, incorporating for social impact is challenging. The binary options at present are “for-profit” by issue of shares, “not-for-profit” by membership, which cannot distribute profit to members, and a cooperative structure in which members are productive contributors to a business model, and equal representives in the co-op, and a profit distribution to members is possible
There are also hybrid options for founders wanting to embed social impact into the DNA of their incorporation structure. We have prepared a free guide with links for download on some of these below.
