Corporation: The owners of a corporation have limited liability and the business has a separate legal personality from its owners. Corporations can be either government-owned or privately owned. They can organize either for profit or as nonprofit organizations. A privately owned, for-profit corporation is owned by its shareholders, who elect a board of directors to direct the corporation and hire its managerial staff. A privately owned, for-profit corporation can be either privately held by a small group of individuals, or publicly held, with publicly traded shares listed on a stock exchange.
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this is just a short note to thank you for your service in both the purchase and the sale of this business over the past 6 months. I will have no hesitation in recommending you to any possible purchaser and vendors, as indeed I have already recommended you to my brother for the sale of his business. I believe you have acted with the best of intentions and integrity at all times and wish you well for the future.
Graham – “The old saying “third time proves it” has never been more true! The sale of the national and international franchise rights for Housework Heroes is the third business sold by Graham Nankivell for which we have engaged your services as our business sales agent. On each occasion we have accepted full price offers. Each sale has been handled in a professional manner and has achieved a timely sale to an appropriate purchaser. The Performance Business Sales system, including the Business Report, is the best alternative for those considering selling a business. The system works!”
Limited liability companies (LLC), limited liability partnerships, and other specific types of business organization protect their owners or shareholders from business failure by doing business under a separate legal entity with certain legal protections. In contrast, unincorporated businesses or persons working on their own are usually not as protected.
you received an advance or assistance from the Government of Canada or any of its agencies, a provincial or municipal government, or any other authority and an arrangement has been taken with EI for the deduction. Your consent must be given in writing to the deduction and payment by EI. Example: you received an advance from a Social Services agency while waiting for your EI benefits to start;
I can only put this down to the excellent business profile you prepared. Providing all the information you required actually was a bit of a pain but I can appreciate now how important all the detail was. There was simply no comparison between this professionally produced profile complete with colour photos that PBS produced to the rolled up sheets of paper that the other broker was trying to use to sell the business.
Prior to your appointment we had run our own series of advertisements in Victoria, but were making little progress. From only 2 advertisements you were able to produce a number of prospective purchasers which resulted in a full price offer being received within 5 weeks of your appointment. This was extremely pleasing as car care is not yet an established brand in Victoria. Your business report was particularly well presented and is far more professional in appearance and content than we have seen from any of your competitors.
The results we have achieved with performance business sales are pleasing both in terms of sales results achieved, the quality of applicant/buyer, the professionalism shown in the sales process, together with its representation of our franchise system. It is a key requirement that our brand values are protected and represented to the highest possible standard, and I am pleased to say that performance business sales have achieve these objectives.
Sole proprietorship: A sole proprietorship, also known as a sole trader, is owned by one person and operates for their benefit. The owner operates the business alone and may hire employees. A sole proprietor has unlimited liability for all obligations incurred by the business, whether from operating costs or judgments against the business. All assets of the business belong to a sole proprietor, including, for example, computer infrastructure, any inventory, manufacturing equipment, or retail fixtures, as well as any real property owned by the sole proprietor.
In many countries, it is difficult to compile all the laws that can affect a business into a single reference source. Laws can govern treatment of labour and employee relations, worker protection and safety, discrimination on the basis of age, gender, disability, race, and in some jurisdictions, sexual orientation, and the minimum wage, as well as unions, worker compensation, and working hours and leave.