Governs the formation, operation, and dissolution of businesses. Covers areas like contract, employment, intellectual property, environmental, and corporate law.

Focuses on creating, managing, and dissolving corporations. Ensures compliance with laws to protect shareholders, employees, creditors, and the public.

Incorporation: Legal process limiting owner liability. Corporate Governance: Defines control structures involving shareholders, directors, and officers. Liability: Shareholders are only liable for their investment.

A legal entity distinct from its owners, created under the CBCA or provincial laws. Can own property, enter contracts, and is not personally liable for debts (Salomon v. Salomon).

Separate legal entity Ownership through shares Limited liability Perpetual existence Centralized management Transferable shares Formation: Choose jurisdiction. File Articles of Incorporation. Create bylaws. Appoint directors and officers. Register the co

Board of Directors oversees major decisions. Shareholder meetings allow for voting. Shareholders have voting and dividend rights.

Corporations engage in efforts to benefit society and the environment beyond legal obligations.Can occur voluntarily or involuntarily. Involves debt settlement and asset distribution.Corporations face federal and provincial taxes. Annual tax returns