AFM231 Lecture Notes - Lecture 15: Sole Proprietorship, Registered Office, Canada Business Corporations Act

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Chapter 15 the corporate form: organizational matters. The corporation defined: b/c corporations are separate legal entities they are able to remedy many of the shortcomings associated with the other prevalent business forms the sole proprietorship and the partnership. The stakeholders in the corporation: one who has interest in a corporation. Internal stakeholders: those who either have direct or indirect role in governing the corporation and determining tis mission and how it will be achieved. A corporation may simply have one type of class of share with all the basic shareholder rights attached to it. The share must include the right to: vote for election of directors, share in the proceeds on dissolution of the corporation after the receive dividends declared by the directors creditors have been paid. Basic requirements: must be distinctive, must not cause confusion with any existing name or trademark, must include a legal element (ex.

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