BUS 018 Lecture Notes - Lecture 3: 2014 Shootings At Parliament Hill, Ottawa, Sole Proprietorship

• School: College of The Sequoias
• Department: Business (BUS)
• Course: BUS 018
• Professor: Baiza

Document Summary

Every time you add more security within parliament, there is another wedge between legislation and the public sphere. It is more difficult to speak with a member of parliament now than a week ago. When we give up these freedoms to the government, we will never get them back it is a one way street. Forms of business organization: sole proprietorship, partnership (limited, limited liability, corporation. Historically, sole proprietorship was all that there was. Legally, the person carrying on the business and the business are the same thing. Came about as more capital was necessary. With another individual, this helps to increase your network allowing for more resources, brain power and access to both physical and financial capital. Safer and more secure to have partnerships as opposed to a sole proprietorship. 3 people sell eggs, it burns down split the profits and the losses. We"re all responsible for what happens to each partner and their resources.