Community Benefit Society

A Community Benefit Society (CBS) is a type of cooperative organization that is owned and run by its members to serve the local community's needs. Profits generated are reinvested into the organization or used to benefit the community, rather than distributed to shareholders. Membership is open to anyone interested in supporting the society's goals. CBSs are often involved in activities like running community shops, housing projects, or social enterprises, emphasizing social, environmental, or cultural benefits. They operate democratically, with members having a say in decision-making, ensuring the organization prioritizes community well-being over profit.