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

mardi 1 mars 2016

Canada's energy sector is bracing itself for a decarbonized world

Marie-Jose Nadeau at Milestone GRP event

The chair of the World Energy Council looks beyond the current turmoil and focuses on what lies ahead.

Quebec seeks injunction against TransCanada's Energy East pipeline

QUEBEC ENVIRONMENT David heurtel

The Quebec government says it will seek an injunction against TransCanada to ensure that its proposed Energy East pipeline complies with the province's environmental laws.

Should passengers who pay extra to arrive early be refunded for flight delays?

FEW issues drive a wedge between airlines and their customers like the thorny matter of compensation. In Europe, anyone whose flight is delayed by more than three hours can claim between €250 and €600 compensation for the inconvenience, provided the delay is not caused by "extraordinary circumstances". Airlines, as you would expect, interpret force majeure more broadly than passengers, lumping all manner of disruptions under the get-out clause. Along with extreme weather, terrorism and industrial actionevents that are universally deemed "extraordinary"airlines have attempted to withhold payment over bird strikes and technical faults. Successive court rulings have come down on the side of passengers, forcing the industry to stump up compensation more often.

Sometimes, though, a delay of less than three hours causes more than enough damage. That was what crossed Gulliver's mind at Edinburgh Airport last week, peering forlornly onto the runway while flight after flight took off for London—without me. My own service, the 8:50am to London City, had been delayed by 90 minutes due to the unhappy combination of...Continue reading

TransCanada CEO says don't blame pipelines for climate change

Thaddeus Holownia. Anatomy of a Pipeline, 1999-2000.

TransCanada's Energy East pipeline will be judged, in part, on the greenhouse gas emissions created by extracting the oil that will ship in the pipe. TransCanada's CEO Russ Girling says the evidence is clear that pipelines create virtually no extra greenhouse gases.