Types of Corporations
What are the types of Corporations?
Expert
Although the terms public corporation and private corporation are often used, only two jurisdictions in Canada (Nova Scotia and P.E.I.) permit the formation of private companies, where the right to transfer shares is restricted, the number of shareholders is limited, and no invitation can be made to the public. Therefore, a better distinction is between corporations that issue shares to the general public and those that do not.
The two types of corporations are also distinguished by the terms widely held and closely held. Widely held corporations issue shares to the general public and usually list their shares on a stock exchange. Closely held corporations restrict the transfer of their shares and do not issue shares to the general public; thus, they have a small number of shareholders. Over 90% of corporations in Canada are closely held, and most of these are small- and medium-sized businesses.
What are the effects of Contracts within the Scope of the Statute?
What are the Limits to Damages in Torts?
Explain PIPEDA and Various statutes regarding unionization?
Describe how business decision has legal repercussions?
What do you mean by General Partnerships?
What are the two categories of international business law?
Write short note on Mortgages?
Illustrate the features of insurance policies?
Explain the liability under Criminal law?
Illustrate the three recent changes to the Criminal Code which have increased the exposure to criminal liability?
18,76,764
1935116 Asked
3,689
Active Tutors
1454643
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!