LGST 110 Lecture Notes - Lecture 2: Canada Wide Media, Social Contract, Financial Statement
1 Feb 2015
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Appropriate government authority and paying the required fee. It occurs on making a filing with the. Business corporation act rules that governs corporations. A company is directed to take action by the use of shareholder and. Director resolutions employees get a paycheck to work. Not allowed to sale share through stock exchange. Only allowed to sell to other family or friends. When you buy shares in public companies can"t make decisions for them take a role in management. Passive shareholder - accept management decisions and don"t. If want to set up a company in every province in canada. Can only operate in that province statute that governs corporation in province is business corporation. Bc/local business corporation govern by business corporation act of. Directors and officers are the managers of the business. Shareholders the owners of the business just own shares gives certain rights corporation they do not own the business or property of the.
