ADM 3360 Lecture Notes - Lecture 6: Legal Personality, Sex Doll, Nortel
8 Dec 2018
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Separate legal entity corporation same obligations as natural person can acquire assets. Limited liability and shareholder does not lose more than what they invested unless personally committing to debt of corporation such as a franchise. Nortel going bankrupt everyone got fucked remember this as a story. Articles of incorporation template for your business need 2/3 of voting rights to change them once they have been filed. Shareholder structure built on political alliances people join you based on interests. Leverage iou"s don"t have to use right away. Name has descriptive element and mandatory legal element. Name search is good for 90 days will i get it in both official languages yes someone can take your nae in the other language and you"re screwed. Right to receive dividend declared by the board. Right to receive remaining property when its dissolved. Law requires that corporation serves with highest standards in the field.
