Management and Organizational Studies 2275A/B Lecture Notes - Lecture 6: Canadian Business, Breast Cancer, Due Diligence

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2275A/B
• Professor: Philip King

Document Summary

The corporation is a separate legal entity, and in law is treated as a person. A stakeholder is one who has interest in a corporation: internal stakeholders have direct or indirect role in governing corporation, external stakeholders are people affected by the corporation, shareholders are those who have invested in the corporation. Federally incorporated businesses have right to be in any province while provincial ones can only operate within the province, which they were incorporated in. This is insignificant however because it is easy to license in a second province. If you plan to operate in more then 2 provinces it is cheaper to incorporate federally. What type of shares available and to whom. Share structure: the shares a corporation is permitted to issue by its constitution. Laws designed to regulate transactions involving shares and bonds of corporations: closely held (private): corporation does not sell shares to public.