Canadian Registered Charities: Business activities and social enterprise - thinking outside the box, by Terrance S. Carter and Theresa L.M. Man from Carters Profesional Corporation, 2008. Over the past two decades, there has been a rapid global development in the area of social enterprise.2 As a result, governments have taken steps in enacting legislation to encourage the continued development of social enterprise. For example, in 2005, the United Kingdom enacted a new legislative framework to enable the creation of a new type of company for social enterprises known as the “Community Interest Company” or “CIC.” At the time of writing this paper, there are 2097 registered CICs in the United Kingdom. In the United States, the State of Vermont passed legislation on April 30, 2008 that enables the creation of a new type of legal entity called the “Low-Profit Limited Liability Company” or “L3C.” Similar legislation to enable the creation of L3Cs in the State of North Carolina has also been proposed.