Course Solutions Uncategorized (Answered) : Suppose you and three of your University colleagues incorporated a small startup business under the name 123456789 Ontario Ltd.

(Answered) : Suppose you and three of your University colleagues incorporated a small startup business under the name 123456789 Ontario Ltd.

June 27, 2024June 27, 2024| adminadmin| 0 Comment| 7:39 pm
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Suppose you and three of your University colleagues incorporated a small startup business under the name 123456789 Ontario Ltd. All of you hold the same number of shares. (i) What type of company is 123456789 Ontario Ltd.? Provide two characteristics of such a company? (ii) What should the four of you have done when establishing the business to deal with possible future problems between you? (iii) Does the numbered company name provide any more secrecy than a non-numbered company name? Explain.

Expert Answer

It is an equal partnership company.
Characteristics include:

Transfer of ownership: It is relatively easy to dissolve a

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