PECA | Organizational Structure (English)

Fundraising Mechanism

• Offering Memorandum (OM) exemption
• Investors purchase LP Units (min $35 CAD)
• Trust Account (Law Firm / Trust Co.) holds funds until milestones
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Legal Structure

• Society (Non-Profit) → sole owner of GP Corp
• GP Corp (unlimited liability at GP level; corporate shield for Society) → manages LP, signs contracts
• Limited Partnership (LP) → holds assets, operates ventures
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Asset Ownership & Operation

• LP owns building, land, and operates commercial ventures (hall rentals, bazaar, professional services)
• Society runs cultural/linguistic/educational programs in the building (tenant; rent-free or nominal for tax purposes)
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Profit Allocation

• 75% → Limited Partners (Investors)
• 25% → Society (via GP Corp) to fund cultural programs
  • Limited Partnership (LP)

    The LP is the legal entity that owns the land and building. Investors purchase LP Units, making them Limited Partners. Their liability is limited only to the amount they invest.

  • Trust Account

    Every dollar invested goes into an independent trust account, managed by a law firm or trust company. Funds are only released when milestones are achieved—guaranteeing full transparency and security.

  • Society (Non-Profit)

    The heart of PECA. The Society is community-owned, cannot issue shares, and exists to serve cultural, educational, and social programs. It is the ultimate beneficiary of a share of the profits to fund community impact.

  • GP Corp (General Partner Corporation)

    A for-profit corporation wholly owned by the Society. GP Corp manages the LP, signs contracts, and handles day-to-day operations. It ensures professional management while shielding the Society and its directors from personal liability.

  • We use an Offering Memorandum (OM) to legally raise funds.
  • Investors purchase LP Units (from $35).
  • Funds are held in an independent Trust Account until milestones are met.

Ph. +01-)778( 651-5010

Service Centre

info@peca.ca

Main Office

office@peca.ca

Important Links

Address

50 Lonsdale Ave, North Vancouver, BC. V5T 4W3