Terms : Hide Images
| 15226919083 | Amalgamation | a process where two or more corporations combine to form a new corporation | 0 | |
| 15226919094 | Dividends | a payment to shareholders from the corporation's profits, representing the shareholder's proportional interest in the profits | 1 | |
| 15226919107 | Partnership | a business organization where tow or more people carry on a business together with a view to profit | 2 | |
| 15226919103 | Notice of Directors | document filed to let corporate registry have notice of who the directors of the corporation are | 3 | |
| 15226919097 | General Partnership | a form of business where two or more people carry on a business with a view to profit, with each partner acting as agent for the partnership and others and having unlimited personal liability | 4 | |
| 15226919111 | Shares | the portion of a limited liability corporation that an individual owns | 5 | |
| 15226919113 | Sole Proprietorship | a business owned and operated by a single individual without creating another form of business organization. Individual makes all of the profits and major decisions concerning the business | 6 | |
| 15226919092 | Directors | an individual named in the articles of incorporation or elected by a corporation's shareholders to manage a corporation | 7 | |
| 15226919106 | Officer | an individual appointed by the directors of a corporation to perform certain of the director's duties that are delegated to the officer | 8 | |
| 15226919089 | Common Shares | shares in a corporation that allows the shareholders to have a right to vote at meetings , participate in the dissolution of the corporation and declare dividends | 9 | |
| 15226919086 | By-laws | the permanent rules establishing how a corporation will be managed and operated | 10 | |
| 15226919098 | License | a business arrangement where the owner of intellectual property allows another to use property in connection with another business in return for a fee or royalty | 11 | |
| 15226919104 | NUANS | means "Newly Upgraded Automatic Name Search", this report only holds your chosen name for 90 days. You must incorporate within those 90 days or the name can be lost | 12 | |
| 15226919085 | Articles of Incorporation | document that sets out a corporation's name and business structure | 13 | |
| 15226919105 | Numbered Company | if you are unable to decide on a corporate name, your corporation will be known as this | 14 | |
| 15226919114 | Unanimous Shareholder Agreement | an agreement that some or all of a corporation's shareholders enter into | 15 | |
| 15226919090 | Corporate Seal | an impression seal showing the name of the corporation, the jurisdiction and the year of incorporation | 16 | |
| 15226919095 | Fiscal Year-End | accounting period of corporations. Every period is different and depends on the corporation | 17 | |
| 15226919099 | Limited Liability Partnership | this partnership generally limits individuals professionals' liability for their employees and other partners' negligence | 18 | |
| 15226919110 | Resolution | a decision a corporation's directors have made authorizing the corporation to do a specific action or transaction | 19 | |
| 15226919091 | Corporation | a business entity created by the provincial or federal government | 20 | |
| 15226919108 | Preferred Shares | shares in a corporation that does not allow the shareholders to vote (silent shareholder) | 21 | |
| 15226919112 | Shareholder | someone who holds shares in a company | 22 | |
| 15227040311 | Who can pass resolutions? | Directors and shareholders (incorporators) | 23 | |
| 15227040312 | shareholder resolution | - Shareholder who meets certain ownership requirements may submit to other shareholders for a vote - Numerous resolutions concern social issues | 24 | |
| 15227040313 | ordinary resolution | a simple majority vote by shareholders | 25 | |
| 15227040314 | special resolution | resolution on major decisions of a company (such as changing the company's articles or reducing its share capital) at a general meeting that must be passed by a certain majority, usually 75% | 26 | |
| 15227040315 | Exceptional Resolution | Passed by higher majority | 27 | |
| 15227040316 | Role of officers in a corporation | Must qualify to be directors, not required in bc companies | 28 | |
| 15227040317 | par-value shares | stock shares that have a fixed face value noted on the stock certificate | 29 | |
| 15227040318 | Common Shares | The most basic form of ownership in a firm; it confers voting rights and the right to share in the firm's profits through dividends, if offered by the firm's board of directors. | 30 | |
| 15227040319 | Director's Responsibilities | Authority over every operation, needs to sign consent to assume this role | 31 | |
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