ANGEL GROUP CHARACTERISTICS
2.1 Introduction
This section profiles angel groups in Canada. The evidence confirms the growing maturity of Canada’s angel market, reflected by the growing presence of longer-established groups.
ANGEL GROUP CHARACTERISTICS
2.2 Organizational Structure
Angel groups can potentially organize themselves in a variety of ways. In Canada, the majority of groups - 73% - are structured as not-for-profit entities. A further 23% are for-profit entities (Figure 1). This is similar to previous years.
FIGURE 1 Corporate Legal Structure of Angel Groups (n = 22)
For-Profit Corporation Not-for-Profit Organization Other
Note: Category “other” includes a transitioning not-for-profit entity,
5%
and a General Partner and Limited Partner structure.
23%
73%
28
ANNUAL REPORT ON ANGEL INVESTING IN CANADA
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