A corporation is

  • an incorporated company
  • issues shares and is owned by the shareholders
  • shareholder is entitled to
    • receive financial information about the corporation
    • attend shareholder meetings
    • challenge decisions of the Board of Directors
  • shareholders are not liable for the corporation's debt
  • two types
    1. public company
      • shares traded on a stock exchange
    2. closely-held private company
  • terminates upon
    • sale of shares
    • bankruptcy or
    • declaration by the board

Riscario deals with Canadian-Controlled Private Corporations (CCPCs)

Upon disability, retirement and death, how can the shareholder in a CCPC sell their shares at a fair price?

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