1 / 11

Corporate Law

Corporate Law. Different Kinds of Businesses. A Business – “Every trade, occupation, and profession” (Ontario Partnerships Act) Sole Proprietorship Partnership Corporation. Seen Outside a Sole Proprietorship Coffee Joint. Salomon v. Salomon. Appellant: Aron Salomon

imala
Download Presentation

Corporate Law

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Corporate Law

  2. Different Kinds of Businesses • A Business – “Every trade, occupation, and profession” (Ontario Partnerships Act) • Sole Proprietorship • Partnership • Corporation

  3. Seen Outside a Sole Proprietorship Coffee Joint

  4. Salomon v. Salomon • Appellant: Aron Salomon • Leather Merchant and boot manufacturing • Required to have seven shareholders to become incorporated • Wife and kids became shareholders • When company went bankrupt, legal dispute around who should be responsible

  5. Corporate Structure

  6. Officers • Employees • Run day-to-day operations • Accountable to Board of Directors

  7. Board of Directors • Look after Corporation’s best interests • Elected by shareholders • Supervise and manage corporation • Determine long-term direction

  8. Shareholders • Meet Annually • Elect Board • Make certain deicisions

  9. Example of Corporate Structure: TD BANK • http://www.td.com/about-tdbfg/corporate-information/executive-profiles/group-heads/ TD President and CEO, Ed Clarke

  10. Do Education Boards count as Corporations

  11. A School Board is a legal Corporation • Angela Gauthier, Director of Education • Toronto Catholic District School Board

More Related