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
A company that owns several popular restaurant chains across the country is backing down on a new uniform policy that forced female servers to wear revealing dresses to work after Go Public made inquiries.
Emails obtained from a freedom of information request reveal a pattern of back-scene spats and power struggles during the attempt to establish a new Enbridge-funded research centre at the University of Calgary.
Canada's pension fund is ready to invest $2 billion in affordable housing in Mumbai, a top Indian official said, in a move that would boost Prime Minister Narendra Modi's goal of providing cheap housing to millions of people.
CBC News has obtained court documents that show the U.S. Federal Court has ordered the seizure of the Nova Star ferry following complaints from a company that says it is owed close to $200,000 for pilot fees.
Quilted baby jackets sold through Loblaws and other retail outlets across the country have been recalled because of a possible choking hazard.
The times are a-changing at The Modern, one of New York City's finest restaurants, and the first in a family of high-profile eateries to introduce a "no-tipping" policy that could also spill over into Canada's dining scene.
Pete Luckett sits down with CBC News to reflect on the road that led him from a little fruit-and-veg stall in England to Pete’s Frootique, a Nova Scotia institution.
