The Fundamentals of Business Organizations is Canada. How are businesses different?. 2.4.1 Compare and contrast the following forms of business organizations in the Canadian market: sole proprietorships, partnerships, and corporations. (a) . The 3 types of business: Sole proprietorships
How are businesses different?
2.4.1 Compare and contrast the following forms of business organizations in the Canadian market: sole proprietorships, partnerships, and corporations. (a)
This can be done at the federal or provincial level. When you incorporate your business, it is considered to be a legal entity that is separate from the owners and shareholders.
2.4.2 Explain the advantages and disadvantages of three basic ways that firms finance operations (retained earnings, loans, and personal savings). (k)
Or are we? Muhahahahahahahahahah!
Why do businesses need capital? Could it be for purchasing new land for expansion of the current business? Adding on to existing buildings or modifying them? Buying new machinery or better technology? To hire more employees or particular experts to assist in a company’s growth? To cover payroll or purchases made during a high season or expansion?