Sole proprietorship

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.

Partnership

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.

Corporation

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.

Cooperative

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.

Restructuring state enterprises

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

dimanche 24 avril 2016

Airline advocate told he's not 'large' enough to challenge airline, so he's appealing

Gabor-Lukacs

Gabor Lukacs will need to convince three judges to make the Canadian Transportation Agency address a complaint he filed about Delta Airlines involving "discriminatory practices" around large or obese customers.

Cirque du Soleil whirls in Russia with Varekai

Cirque Russia/Cedric Belisle Dirvish.JPG

CBC News goes backstage during the opening week of Cirque du Soleil Russia's Varekai in Moscow.

samedi 23 avril 2016

PJ's Pets is closing 27 stores across Canada

ns-hi-pets-unlimited

The company — which employs more than 400 people across Canada — has been in business for close to 50 years.

vendredi 22 avril 2016

VW's emissions fix & Turo's latest pitch to Canadian drivers: THIS WEEK IN BUSINESS

volkswagen vw engine hood

From irate Volkswagen owners wanting more information on how the automaker plans to fix their cars and pay them for their troubles, to a group of loyal Microsoft gamers learning that their favourite console has been bricked, it was a busy week in business news. The CBC's Jacqueline Hansen gets you all caught up in her weekly video recap.

FCA recalls 1.1M Dodge Jeep and Chrysler vehicles for parking problem

Auto Show Dodge Hot Cars

Fiat Chrysler is recalling more than 1.1 million cars and midsize SUVs worldwide because their gear shifters may confuse drivers and allow them to exit their vehicles without placing them in 'park.'

Canada acting 'like a bunch of villages as opposed to a nation' on pipelines Alberta's Notley says

Rachel Notley State of the Province

The Alberta NDP premier says in order for Canada to move to a de-carbonized economy in the future, the present must include pipelines.

General Motors' Oshawa flex line to shut for two weeks due to Japan part supply issue

General Motors Oshawa 20150128

General Motors is shutting down production at four plants, including its flex line in Oshawa, Ont., for two weeks due to a part supply issue caused by the recent earthquakes in Japan.

Manulife becomes 1st insurer to offer life policies to people who are HIV-positive

MANULIFE-CANADA-LIFE

Manulife has become the first Canadian insurance company to offer life insurance to people who are HIV-positive.

Loonie higher as oil gains ground Friday

CANADA/

A rise in the price for crude oil, coupled with the some good economic reports, helped pushed the Canadian dollar up on Friday.

Valeant shares pop on reports company has found its new CEO

Valeant Death Drug 20160325

Shares of Valeant Pharmaceuticals shot up Friday morning following reports that Valeant is close to luring the head of over-the-counter drugmaker Perrigo to become its next chief executive officer.

German carmakers to recall 630000 cars to check emissions software

VOLKSWAGEN-EMISSIONS/DEVICE

German car manufacturers will recall 630,000 Porsche, Volkswagen Opel, Audi and Mercedes vehicles to fix diesel emissions management software, a German government official said on Friday, widening a clampdown on pollution in the wake of the Volkswagen scandal.

Finance Minister Bill Morneau news conference LIVE

Finance Minister Bill Morneau news conference LIVE

Review of measures from federal budget and the unveiling of a silver collector coin celebrating the 40th season of the Toronto Blue Jays

Canadians opened their wallets in February defying economist expectations

GLOBAL-ECONOMY/WEEKAHEAD

Retail sales rose by 0.4 per cent in February to $44.2 billion, blowing away economists expectations of a slight decline.

Inflation cools to 1.3% in March on cheaper gasoline prices

gas pump

Canada's inflation rate slowed to an annual increase of 1.3 per cent in March, thanks in large part to gasoline prices that were much cheaper during the month than they were in the same time period a year earlier.

WestJet at 20: Grown-up airline grown-up problems

WestJet bomb threats

WestJet's 20th anniversary was supposed to be celebratory. Instead, it missed earnings expectations and is facing a sexual assault lawsuit and continued unionization drives. As WestJet grows up, so do its problems

FAQ: Signing the Paris Agreement on climate change

CLIMATECHANGE-SUMMIT/

Over 160 countries are expected to sign the Paris Agreement on climate change at a ceremony at the UN today, Earth Day. So what's the big deal?

jeudi 21 avril 2016

Uber settlement sees company settle for $100M drivers stay contractors

Uber Drivers Lawsuits

Ride-hailing service Uber has agreed to pay up to $100 million US to settle a class-action lawsuit which resolves a major challenge to its business model by allowing it to keep its California and Massachusetts drivers as independent contractors.

Concordia Healthcare stock soars 25% on reports of possible takeover bid

CANADA/

Shares in Concordia Healthcare Corp. soared more than 25 per cent Thursday amid reports that a New York-based alternative asset manager may be eyeing the pharmaceutical company for a possible takeover attempt.

GM earnings get big boost from North American operations

Earns General Motors

General Motors' first quarter profit more than doubled as all of its business units posted improved numbers including record pretax earnings in North America.

Americas flyers cant expect both cheaper fares and more legroom

IMAGINE you are in a room with the boss of a big American airline, and he asks you where he should invest the company’s resources in the coming year. What would you tell him?

Airlines for America, an industry group, asked this question to flyers from the United States in a survey released last week, and they overwhelmingly chose “onboard comfort” as the top priority. In the same survey, when asked to rank the importance of various in-flight factors, the number one choice by far was “legroom/seat comfort”, selected by 89% of respondents who flew at some point in 2015 (see chart).

That should come as no surprise in a time of ever-shrinking seats, when Congress regularly considers (and just as regularly rejects) legislation to mandate a minimum legroom standard. But when asked how they actually make their travel decisions, those same respondents said it came down to money. “Total travel price” was ranked as important by 86% of those who flew in 2015, more than any other factor. The next three most-cited factors were airline schedule...Continue reading

Hangover


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Blood sports


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The outside track


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Smoke signals


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The over-promised land


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Turning the tanker


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Pay dirt


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Android attack


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Drill will


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Time is up for Volkswagen to compensate owners and fix their engines U.S. judge says

volkswagen audi engine

Thursday is the deadline for Volkswagen to meet a federal judge's demand to explainhow it will make nearly 600,000 diesel cars rigged to cheat on emissions tests comply with clean air laws.

Conference Board gives Canada a failing grade when it comes to managing the environment

Teck Lawsuit

A new report suggests Canada ranks 14th among 16 peer countries when it comes to environmental performance, with only the United States and Australia doing worse.

Mitsubishi's central Japan plant investigated after false mileage data scandal

MITSUBISHIMOTORS-REGULATIONS/

Officials are investigating Mitsubishi Motors Corp. after the company said it had found employees manipulated fuel efficiency data of more than 620,000 light vehicles it manufactured.

Energy sector's woes could put taxpayers on hook for cleanups

PEABODY ENERGY 2

Taxpayers are being left to pay the cleanup bills as the world's biggest private coal company, America's Peabody Energy, goes into bankruptcy protection. Given Canada's patchwork of rules, could the same thing happen here?

Free cellphone service is here but few Canadians have signed up

Diane Thomson Fongo mobile app

Feeling gouged by your cellphone provider? There's a growing number of mobile apps on the market that offer free phone service using Wi-Fi access or a data connection. But the money-saving app doesn't work for everyone.

China not exactly striking it rich in Canadian oilpatch

long lake sign

The Chinese-owned Long Lake facility in Alberta's oilsands could be shutdown for a few years after a fatal explosion in January. The ongoing investigation represents another setback for Nexen and for Chinese investment in the Alberta oilpatch, to the extent some experts wonder whether China has any interest left in Canadian resources.

mercredi 20 avril 2016

Calgary's condo surplus during slump tough on investment property owners

Don Campbell, author and senior analyst at the Real Estate Investment Network

The downturn is making it much more difficult for condo owners to find renters for their investment properties.

Power Corp. had shares in Chinese firm cited in Panama Papers

web-andre-desmarais

Until last year, Quebec’s Power Corporation owned stocks in a Chinese company that regularly used the services of Mossack Fonseca, the Panama-based law firm at the centre of the data leak scandal regarding offshore tax havens.