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

mercredi 30 mars 2016

CRA orders First Nations man to pay $190K in back taxes

Miche Jette

An Ottawa man must pay more than $190,000 in back taxes despite an arrangement through an outsourcing company that he and thousands of other indigenous employees believed made them exempt from paying personal income tax on income earned off-reserve.

TV service complaints outnumber all others, Canadian regulator says

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Canada's top telecom regulator gets more complaints about television service than it does about all other forms of telecom put together, the watchdog said in its semi-annual report yesterday.

Lululemon profit rises as sales top $2B for first time last year

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Lululemon Athletica Inc. on Wednesday reported fiscal fourth-quarter net income of $117.4 million.

NewLeaf discount travel company gets clearance to start flying

NewLeaf airline thumb

Winnipeg-based NewLeaf Travel Company has been given clearance to begin offering low-cost flights in Canada.

Acts of terror are unlikely to stop business travellers hitting the road

LAST week this writer was presented with a dilemma. While preparing to travel to an event within walking distance of the recent suicide bombing in Istanbul, news broke of the attacks taking place in Brussels. Alongside the feeling of revulsion, a question briefly arose: should I travel to the site of one recent terror attack just as another is taking place?

Brussels caught the West's collective attention, but in many ways it is Turkey that gives more cause for alarm. The attack in Istanbul on March 19th was the fourth such incident this year. The grim truth is that it may well not be the last. As the BBC apocalyptically opined: “Turkey finds itself in the midst of a hideous vortex of overlapping security crises, struggling to tackle one without exacerbating another. With each bombing, the precariousness of Turkey's situation seems even more acute.”

Any doubt was momentary, however. Flights, meetings and hotels had all been booked. Despite the background threat there was no compelling reason not to travel. In the end it was no dilemma at all.

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IPhone builder Foxconn to buy Japanese electronics company Sharp for $3.5B

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The Taiwanese company that assembles Apple's iPhones agreed Wednesday to buy control of financially struggling Sharp Corp. for $3.5 billion in the first foreign takeover of a major Japanese electronics producer.