Management and Organizational Studies 2275A/B Lecture Notes - Due Diligence, Efficient-Market Hypothesis, Securities Commission
12 Mar 2013
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Document Summary
Purpose: finance large projects without limitations associated with sole prop and partnerships. Royal charters created early corporations and hudson"s bay. If venture were important to parliament they became incorporated special-act companies . Deeds of settlement- contract for ordinary citizens who couldn"t incorporate (back in day) Three methods of incorporation in canada: registration (from british, letters patent, filing of articles of incorporation (from u. s) Can incorporate at: federal level (chain of restaurants/internet- can incorporate in any business, provincial (local restaurant- if wants to incorporate in other provinces must register in each province ) Registration: only nova scotia uses it, accomplished by filing memorandum and articles, memorandum is like constitution sets out name of company, objectives, share capital, articles operational rules (internal) Eg. how shares should be issued, voting procedures, regulations: less flexibility in changing internal procedures after registration. Letters patent: declining, based on monarch granting royal charter, ordinary rules are included in separate bylaw, quebec and p. e. i.
