LAW 204 Chapter Notes - Chapter 24: Sole Proprietorship, Canada Pension Plan, Unemployment Benefits
9 Mar 2021
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In hiring staff, she must observe human rights legislation and must comply with health and safety regulations. In most provinces, if a business operates under a name other than the actual name of the owner, the name must be registered. The business nature of partnership: the partnership act defines partnership as a relationship between persons carrying on a business for profit. It does not apply to other associations, such as charitable enterprises, joint trustees of an estate, public boards or corporations: the term business is an imprecise one. It includes every trade, occupation or profession but does not include every activity carried on for a profit: ex. Isolated transactions undertaken jointly do not by themselves make the parties partners. The profit motive: the words with a view to profit typically mean that a sharing of profits is an essential element of the partnership, normally, the sharing of gross receipts does not create a partnership, ex.
