Riscario

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
     • few shareholders
     • includes Canadian-Controlled Private Corporations (CCPCs)
• 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?