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A person who owns shares in a corporation is called a shareholder. On this page. The share structure of your corporation. Your corporation's shareholders. Shareholders' meetings. Shareholder agreements. The share structure of your corporation.
When starting a company, it’s essential to select the business structure that best supports your goals. Most of the time, business structures are chosen to comply with tax law, which treats each type of structure differently.
Nov 19, 2019 · Published Online November 19, 2019. Last Edited December 4, 2019. In economics, capital traditionally refers to the wealth owned or employed by an individual or a business. This wealth can exist in the form of money or property.
5 days ago · Sole proprietorships are ideal for single-owner small businesses that don't plan to grow beyond a single employee or take on major liabilities. Partnerships. If your new venture includes several individuals, forming a partnership might be an option. In a partnership, the business does not possess its own legal identity.
- Sole proprietorship. A sole proprietorship is typically used when the business is owned and operated by the individual responsible for the business and its liabilities.
- Partnership. A partnership exists when two or more individuals or corporations carry on business together with a view to profit. In Canada, the provinces have exclusive jurisdiction with respect to partnerships and, accordingly, each province has enacted its own specific partnership legislation.
- Corporation. A corporation is a legal entity distinct from its shareholders. In Canada, a corporation is endowed with all the legal abilities of a natural person in that it can own property, carry on business, borrow, lend, sue or be sued.
- Branch operations. A foreign corporation may conduct business within Canada through a branch operation after obtaining a licence or otherwise registering in the province(s) where it carries on business.
Sep 27, 2024 · Understanding the different types of business structures is important when starting a venture in Canada. This section covers common words for business structures and organizational forms. From sole proprietorships to corporations, each type has its own set of business vocabulary and implications.
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Useful information and links for new businesses and small and medium-size enterprises on setting up a business, income tax, audits, important dates and electronic service, corporation tax payments, filing GST/HST returns, assessing responsibility for corporation's debts.
