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