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

jeudi 21 avril 2016

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.

Rice cookers luxury toilet seats part of China's new growth plan

China Cooking up Growth

A Chinese development plan issued this week strikes a blow for the country's consumers, calling for better products to help create an economy driven by domestic consumption instead of trade and investment.

Drones for Canada Post mail delivery worth exploring expert says

Australia Post drone

Canada's minister for federal public services has droned on about considering "all viable options" for Canada Post but won't commit to bringing back door-to-door delivery. She certainly hasn't discussed one option for postal delivery currently being explored in Australia — actual drones.