LAW 204 Lecture Notes - Lecture 4: Canada Business Corporations Act, Sole Proprietorship, Corporate Liability
21 Oct 2017
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Review: what are the business structure options: sole proprietorships, partnerships, lps and llps, other unincorporated structures, joint ventures, trust, unincorporated nfp organization, corporations, business corporation or nfp corporation. Choosing a structure involves going through something called business associations law (primarily concerned with corporations). This is the area of the law that"s concerned with the differentiation between organizational structures and then the operation of that structure and its governance. Without these business corporations acts, one could not create a corporation, they don"t exist at common law. So, there must be a law that allows you to create a corporation. Act (ontario) (obca) (cid:862)co(cid:374)stitutio(cid:374)al (cid:272)o(cid:374)(cid:272)urre(cid:374)(cid:272)e(cid:863): the federal government is permitted to regulate corporations as are all of the provinces. It"s not often we see that there"s a federal law and a provincial law that would equally apply when one wants to carry out an activity in this country. This is a somewhat rare occurrence of what is known as constitutional concurrence.
