A sole proprietorship, also known as a sole trader, is owned by one person and operates for their benefit. The owner may operate the business alone or with other people.
A partnership is a business owned by two or more people. In most forms of partnerships, each partner has unlimited liability for the debts incurred by the business. The three most prevalent types of for-profit partnerships are general partnerships, limited partnerships, and limited liability partnerships.
The owners of a corporation have limited liability and the business has a separate legal personality from its owners. Corporations can be either government-owned or privately owned. They can organize either for profit or as not-for-profit organizations.
Often referred to as a "co-op", a cooperative is a limited liability business that can organize for-profit or not-for-profit. A cooperative differs from a corporation in that it has members, not shareholders, and they share decision-making authority.
In recent decades, various states modeled some of their assets and enterprises after business enterprises. In 2003, for example, the People's Republic of China modeled 80% of its state-owned enterprises on a company-type management system
From a software giant trying to change the way it does business, to an automaker landing in trouble for failing to fix its cars, it was a busy week in business news. The CBC's Jacqueline Hansen is here to get you caught up in her weekly video recap.
From a software giant trying to change the way it does business, to an automaker landing in trouble for failing to fix its cars, it was a busy week in business news. The CBC's Jacqueline Hansen is here to get you caught up in her weekly video recap.
Talks on a Pacific Rim free-trade pact faced a fast-approaching deadline on Friday as trading partners aimed to wrap up a deal within hours, with issues including trade in dairy products and monopoly periods for next-generation drugs still unresolved.
Talks on a Pacific Rim free-trade pact faced a fast-approaching deadline on Friday as trading partners aimed to wrap up a deal within hours, with issues including trade in dairy products and monopoly periods for next-generation drugs still unresolved.
Cord-cutting will gain momentum over the next five years as people abandon traditional television for the growing choices and ease of use of online video streaming services, a new IDC Canada report projects.
Cord-cutting will gain momentum over the next five years as people abandon traditional television for the growing choices and ease of use of online video streaming services, a new IDC Canada report projects.
Earlobe stretching became trendy about a decade ago. But now some who bought into the look have grown up, entered the workforce, and want to reverse a decision of the past. For many, the only option is surgery.
Earlobe stretching became trendy about a decade ago. But now some who bought into the look have grown up, entered the workforce, and want to reverse a decision of the past. For many, the only option is surgery.
The Canadian dollar is nearing its low for the year Friday, after news that the economy contracted for a fifth straight month in May.
RioCan Real Estate Investment Trust is launching a strategic review of its U.S. operations, a process that could lead to the real estate giant selling part or all of its portfolio of properties south of the border.
RioCan Real Estate Investment Trust is launching a strategic review of its U.S. operations, a process that could lead to the real estate giant selling part or all of its portfolio of properties south of the border.
The Canadian dollar is nearing its low for the year Friday, after news that the economy contracted for a fifth straight month in May.
Canada’s oilpatch is buckling down to a "lower-for-longer scenario,” in the words of one executive, after a fresh round of grim earnings.
Canada’s oilpatch is buckling down to a "lower-for-longer scenario,” in the words of one executive, after a fresh round of grim earnings.
IT TAKES some guts to be a bear about the sector you cover if you are an investment strategist. Generally speaking, strategists are employed by banks and banks are in the business of selling securities, the clients are fund managers who do well when asset prices rise and thus tend to dislike a party pooper. Albert Edwards of SocGen is a long-standing bear of equities as a class and many owe his longevity to the entertaining way he phrases his opinions.
Life is easier if you have independence. John Paul Smith was a strategist at Deutsche Bank but now gives advice from Ecstrat, a research house. He has been a bear on emerging markets for a few years; as I wrote in this week's column, that was a lonely position a while back. In a new note, he restates the bearish view.
First, he points out that, post the financial crisis of 2008, there was a shift towards a more state-driven model for economic activity; he felt that this would undermine productivity and thus economic growth. Growth has indeed declined. Second, the EM corporate sector was overinvesting and this would lead to a lower return on capital. Third, slower economic growth would bring down commodity prices and hurt producing countries. Fourth,...Continue reading
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Canada is one micro-step closer to a federal ban on microbeads. The Conservative government said Thursday it is proposing to add microbeads to the list of toxic substances under the Canadian Environmental Protection Act, as well as developing other regulations.
Canada is one micro-step closer to a federal ban on microbeads. The Conservative government said Thursday it is proposing to add microbeads to the list of toxic substances under the Canadian Environmental Protection Act, as well as developing other regulations.
The federal and provincial governments have teamed up to provide $100 million in financial assistance to help expand Toyota's manufacturing operations in southern Ontario.
The federal and provincial governments have teamed up to provide $100 million in financial assistance to help expand Toyota's manufacturing operations in southern Ontario.
Microsoft says its new Windows 10 operating system is now running on more than 14 million computers, two days after the software was released as a free download.
Microsoft says its new Windows 10 operating system is now running on more than 14 million computers, two days after the software was released as a free download.
The federal government asked the province to move up multi-million dollar funding announcement for Toyota to Friday, days before an expected federal election call.
Facebook says it will begin test flights later this year for a solar-powered drone with a wingspan as big as a Boeing 737, in the next stage of its campaign to deliver internet connectivity to remote parts of the world.
The Canadian delicacy formerly known as Kraft Dinner has changed its name to a well-known "term of endearment" to win back the affection of consumers.
The Canadian-developed experimental vaccine against Ebola seems to work, the interim results of a trial in Guinea suggest.
The federal government asked the province to move up multi-million dollar funding announcement for Toyota to Friday, days before an expected federal election call.
Facebook says it will begin test flights later this year for a solar-powered drone with a wingspan as big as a Boeing 737, in the next stage of its campaign to deliver internet connectivity to remote parts of the world.
The Canadian delicacy formerly known as Kraft Dinner has changed its name to a well-known "term of endearment" to win back the affection of consumers.
The Canadian-developed experimental vaccine against Ebola seems to work, the interim results of a trial in Guinea suggest.
IN JUNE, a report revealed that undercover American government agents, posing as passengers, had repeatedly snuck weapons through security checks at the country’s airports. Of the 70 times they tried to smuggle fake guns and bombs past Transportation Security Administration (TSA) officials, it was claimed, they were successful on 67 occasions. Unsurprisingly, an internal safety investigation prompted the ouster of Melvin Carraway, TSA’s acting chief.
Peter Neffenger, Mr Carraway’s replacement, is pledging to tighten American airport security. Testifying before Congress this week, he promised to bridge these security gaps. "My highest priority is to ensure solutions to the recent covert testing failures," he told the House Homeland Security Committee. That is all well and good, but it is likely to come at a cost for...Continue reading
Source :Business and finance http://ift.tt/1MBKcND
IN JUNE, a report revealed that undercover American government agents, posing as passengers, had repeatedly snuck weapons through security checks at the country’s airports. Of the 70 times they tried to smuggle fake guns and bombs past Transportation Security Administration (TSA) officials, it was claimed, they were successful on 67 occasions. Unsurprisingly, an internal safety investigation prompted the ouster of Melvin Carraway, TSA’s acting chief.
Peter Neffenger, Mr Carraway’s replacement, is pledging to tighten American airport security. Testifying before Congress this week, he promised to bridge these security gaps. "My highest priority is to ensure solutions to the recent covert testing failures," he told the House Homeland Security Committee. That is all well and good, but it is likely to come at a cost for...Continue reading
Source:Gulliver http://ift.tt/1MBKcND
The total value of Canada's economy declined by 0.2 per cent in May, the fifth consecutive monthly slide, according to Statistics Canada.
The total value of Canada's economy declined by 0.2 per cent in May, the fifth consecutive monthly slide, according to Statistics Canada.
The federal government is running a pricey ad campaign to inform parents about the enhanced Universal Child Care Benefit. But most families will only pocket a fraction of the dollar amounts being advertised, which has critics upset.
Soaring markets cover up a lot of ills. But whether it's Bernie Madoff or the loose practices that led to U.S. subprime property meltdown, impropriety often comes to the surface only after a boom goes off the boil. Don Pittis says to watch for more revelations as the Canadian property market begins to slow.
The federal government is running a pricey ad campaign to inform parents about the enhanced Universal Child Care Benefit. But most families will only pocket a fraction of the dollar amounts being advertised, which has critics upset.
Soaring markets cover up a lot of ills. But whether it's Bernie Madoff or the loose practices that led to U.S. subprime property meltdown, impropriety often comes to the surface only after a boom goes off the boil. Don Pittis says to watch for more revelations as the Canadian property market begins to slow.
Apple Watch will become available in Canadian Best Buy stores on Aug. 14, the retailer says.
Apple Watch will become available in Canadian Best Buy stores on Aug. 14, the retailer says.
A Senate panel has approved energy legislation that would lift the 40-year-old ban on crude oil exports and open some areas of the Outer Continental Shelf to oil and gas exploration.
Suncor Energy is trimming its spending plans for this year by a further $400 million, the latest Canadian company to make cuts in the face of oil below $50 US a barrel.
Ottawa tech startup Shopify saw its stock jump by 14 per cent on Thursday after it announced second quarter revenues increased by 90 per cent.
A Senate panel has approved energy legislation that would lift the 40-year-old ban on crude oil exports and open some areas of the Outer Continental Shelf to oil and gas exploration.
Suncor Energy is trimming its spending plans for this year by a further $400 million, the latest Canadian company to make cuts in the face of oil below $50 US a barrel.
Ottawa tech startup Shopify saw its stock jump by 14 per cent on Thursday after it announced second quarter revenues increased by 90 per cent.
ONE of the perks of getting old is that you are allowed to talk nonsense about the young. Plato was said to have complained that young people “disrespect their elders” and “ignore the law”. Peter the Hermit griped that they “think of nothing but themselves” and are “impatient of all restraint”. Today, grizzled business pundits tend to mix in some praise with their gripes. But they abuse the privilege of age as much as anyone ever did.
Such modern-day sages tell employers they must adjust their management styles to meet the expectations of millennials—those born between 1980 and 2000, also known as generation Y. These people are now the largest group in America’s workforce, making up 37% of the total, compared with 34% for the baby-boomers—those born up to the mid-1960s, now retiring in droves. It is often pointed out that millennials are the first generation to have grown up in the digital era. That is true, but much else that is said about them is conjecture. They are said to be natural collaborators. Everything from their education in kindergartens to their participation in social media has turned them into team players. But at the...Continue reading
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The U.S. economy rebounded in the second quarter, with GDP growing by 2.3 per cent, according to the Commerce Department.
The U.S. economy rebounded in the second quarter, with GDP growing by 2.3 per cent, according to the Commerce Department.
AMERICAN and British central bankers face a similar tough choice. On both sides of the Atlantic, the economy is growing moderately, and unemployment is closing in on 5%. As a result, wage growth is picking up. But inflation remains low: 0.2% in America and zero in Britain, according to the central banks’ respective preferred measures. And nobody is certain how much slack remains in labour markets—a key determinant of inflationary pressure. In this mixed environment, when is the right time to raise rates? And which rate-setters will go first?
First, take growth. This week new GDP data on both sides of the Atlantic showed continued—if unspectacular—growth. America’s economy expanded at an annualised pace of 2.3% in the second quarter. It did not shrink in the first quarter, as previously thought. So far in 2015, America has grown at a 1.5% annualised pace; buoyant Britain has managed 2.2%.
Both demand and supply affect GDP growth, making it hard to judge whether the economies could do better. Debate rages about long-run supply potential in the aftermath of the financial crisis. Jeb Bush, the...Continue reading
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Royal Dutch Shell announced deep cuts to jobs and investment on Thursday as the global energy giant prepares for a prolonged period of low oil prices, expecting to eliminate 6,500 staff and contractor positions this year.
Royal Dutch Shell announced deep cuts to jobs and investment on Thursday as the global energy giant prepares for a prolonged period of low oil prices, expecting to eliminate 6,500 staff and contractor positions this year.
