BU111 Lecture Notes - Lecture 37: Sole Proprietorship, Double Taxation, Knowledge Market
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Regulator/law maker regulates business activity, influences technology standards (crtc) Promotes competition (competition act, small business support) Achieve social goals (i. e. , universal health care, education) Protect the environment (canada water act, fisheries act) Collected by all three levels of government. Subsidies, tax breaks, support services for small and large businesses, Highways, armed forces, police and fire department, hospitals, education. Legal rights that result from intellectual activity in the industrial, scientific, literary, and artistic fields. Most common types are patents, copyright, trademarks. Creates incentive to innovate and be unique by allowing you to benefit from your innovation/creation. A word(s), a design, or a combination of these, used to identify the. Protection for 15 years (renewable) goods or services of one person or organization. Can be one of your most valuable assets. Any original literary, dramatic, musical or artistic work. Subject to copyright from the moment it is created (no registration. Duration = life of owner + 50 years.
