Social enterprise is an emerging worldwide, yet in Australia it is only in its infancy. There are some groups and organizations that help to spread the word about social entrepreneurship, and the following info should guide you too if you’re just starting up.
FASES Social Enterprise Australia Project
Social enterprise Australia is becoming a more important sector in the national economy, and this fact is recognized by a growing number of governments, businesses and nonprofits.
Yet because it is a relatively new sector, relatively little is known about the dimensions or impacts of Australia’s social enterprise sector. The FASES project seeks to fill this gap in knowledge by mapping the range and scope of social enterprises in Australia.
The research will be used to determine the number of Australian social enterprises, the geographic and industry areas in which they operate, and their social and economic contributions. It will also be used in the production of an online social enterprise directory, which will help to further promote the benefits, goods and services of this sector to the public, governments, nonprofits and businesses of all kinds.
Social Enterprise Australia Advice
Starting a social enterprise Australia is one way to change the world by supporting a social cause. Social enterprise is a fairly new concept and many people don’t understand exactly how it works.
In Australia, social enterprises most often fall into one of two legal categories: a company limited by guarantee or a non-trading cooperative. An organization or social entrepreneurship business can incorporate as a ‘company limited by guarantee’ when there are a number of people who want to have a financial stake in the SE and where profit is not the prime objective.
This status means that if the company winds up and is still in debt, the liability of the members is guaranteed to be a nominal amount, usually in the range of $20-$100. In the non-trading cooperative model, the business doesn’t trade for the benefit of its members. All paper profits must be reinvested into the primary activity of the business, which is creating social change of some kind.