MGT223H5 Study Guide - Final Guide: Corporate Law, Professional Corporation, Secured Creditor
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, instead of buying all shares: dr cash 200k. If the business fails, you only lost because the rest is a loan. Corporation: from a tax point of view, there are advantages. The solomon family were shareholders and also secured creditors out, they got their money first because they were secured creditors. If there"s something in the articles you want to change, use articles of. If you want to end corporation, articles of dissolution: professional corporation, medical doctors typically operate as sole proprietors or partnerships. If a corporation is a ccpc (canadian controlled private corporation), and it. If you made in sole proprietorship, you pay in tax. If someone said they are going to incorporate and the corporation is going to the people who paid m to the corporation and sued the corporation, The corporation has nothing, but the person has to be sued (protected by.
