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
Canadian Pacific is facing allegations it parked a train of 57 loaded railcars, including dangerous goods, unattended in the dark on a mountain slope above Revelstoke, B.C., without applying any hand brakes, in breach of emergency directives made after the Lac Megantic disaster.
The world is producing too much oil for the demand, but Canadian oilsands production is still expanding. Are we just adding to the problem?
NBCUniversal appears to be joining a raft of dissenters turned off by comments the Republican presidential hopeful made about immigrants during a campaign speech.
A $20-million lawsuit claims insurance companies didn't honour policies for seniors' and assisted living facilities damaged in the 2013 Alberta floods.
Imperial Oil and its joint venture partners, ExxonMobil and BP, have delayed a proposed plan for exploratory drilling in the Beaufort Sea, the company announced in a June 26 letter.
Saskatoon-based PotashCorp has confirmed it is interesting in buying rival K+S and has sent the company a private proposal.
Canadian inventors are raising money on Kickstarter to make a machine called The Bartesian that uses premixed flavour capsules to craft a variety of different alcoholic drinks.
