COMMERCE 1B03 Chapter Notes - Chapter 6: Multinational Corporation, Sole Proprietorship, Benefit Corporation
14 Oct 2018
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: a legal entity with authority to act and have liability separate from its owners. You cannot change to a corporation status is you are trying to avoid sole proprietorship or partnership debts. In canada corporations are divided into two classes: private corporations : corporations that is usually controlled by a small number of shareholders and its shares are not listen on a stock exchange. Many are subsidiaries of multinationals or are family owned. Often ranked by revenue, the one significant financial measure they disclose: public corporations : shares are widely held and available for general public sale on a designated stock exchange. A stock exchange is an organization whose members can buy and sell (exchange) securities for companies and investors. A benefit corporation is certified to meet rigorous standards of social and environmental performance, accountability, and transparency. A crown corporation is one that can only be registered by the prov. A domestic corporation conducts business in its home country.
