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

lundi 1 février 2016

CEO of PokerStars owner goes all in, offers to buy Amaya for $21 a share

Amaya Gaming Pokerstars 20140613

The chairman and chief executive of Amaya Inc. has told the company's board of directors that he's interested in buying out other shareholders for $21 per share in cash — 40 per cent above the Friday closing price.

Chinese company Ezubao accused of being $7.6 billion Ponzi scheme

China ezubao Ding Ning

Police arrested the maverick founder of China's largest online finance business on suspicion of fleecing 900,000 investors of $7.6 billion, in what could be the biggest financial fraud in Chinese history.

Snowbirds rush to sell U.S. homes to profit from tanking loonie

snowbird Greg and Erina Barrett

Many Canadians who got deals on U.S. homes when the loonie was high are now rushing to sell them to cash in on a double bonus: rising U.S. house prices and the tanking loonie.

China police arrest 21 in alleged $7.6B investment fraud

China Fake Investments

Chinese police arrested 21 employees at China's largest online finance business on suspicion of fleecing 900,000 investors for $7.6 billion, in what could be the biggest financial fraud in Chinese history.

dimanche 31 janvier 2016

What's driving Canadian winter travel trends? Hint, it's not the Zika virus

VENEZUELA-ECONOMY/TOURISTS

The panic around the Zika virus reached a peak this week, with the World Health Organization declaring it was 'spreading explosively.' But so far, the outbreak hasn't affected the travel plans of Canadians looking for fun and sun destinations this winter.