Re: [Embedlets-dev] Embedlet legal entity

[Brill P. <bri...@ro...>]

All sorts of info on-line.
http://businessgateway.ca/en/hi/

there is a list of types, their advantages and disadvantages here:
http://bsa.cbsc.org/gol/bsa/interface.nsf/engdoc/0.html

- Brill Pappin

----- Original Message -----
From: "Christopher Smith" <cs...@oo...>
To: <emb...@li...>
Sent: Wednesday, March 19, 2003 1:25 PM
Subject: RE: [Embedlets-dev] Embedlet legal entity


> Topic tags:[ARCH][JAPL][WIRING][DOCS][MGMT][STRATEGY][NEWBIE]
> _______________________________________________
>
> In the none-communistic US of A the idea of a cooperative risks a visit by
> the Department of Home Land Security. (didn't the acronym SS have
something
> to do with security?)
>
> Anyway the legal entities here are:
>
> 1. Sole Proprietorship - no legal protection, taxable at personal rate
> - N/A for us
>
> 2. Limited Liability Partnership
> - legal protection and ownership rights
> - profits/taxes flow through to partners
> - no issuable stock
> - relatively simple reporting requirements
> - equal voting rights
>
> 3. Sub-chapter S corporation
> - legal protection and ownership rights
> - profits/taxes flow through to shareholders
> - no public stock issuable
> - more complicated reporting/accounting
> - % of shares based voting rights
> - can be converted to public corp (below)
>
> 4. Sub Chapter C corporation
> - best legal protection and ownership rights
> - profits/taxes retained in corp until distributed
> - issuable public stock
> - complicated reporting once public
> - % of shares based voting
>
> #2 LLP is new in most states and is quickly catching on as the preferred
> professional partnership arrangement.
>
> Does anyone have info on a Canadian cooperative? All I know is that we
used
> to take milk from my dad's farm to the CO-OP in Guelph and looked forward
to
> those big dividend checks (~$25.00) every quarter :).
>
>
> >
> > Topic tags:[ARCH][JAPL][WIRING][DOCS][MGMT][STRATEGY][NEWBIE]
> > _______________________________________________
> >
> > Its a little more complicated because of the nature of the beast I
think.
> >
> > I'm not really knowledgeable on this sort of thing, but what
> > about a co-op?
> > I know we can do that in Canada, but I don't know about the
> > states, or what
> > the benefits would be as a business entity.
> >
> > - Brill Pappin
> >
> > ----- Original Message -----
> > From: "Ted Kosan" <tk...@ya...>
> > To: <emb...@li...>
> > Sent: Tuesday, March 18, 2003 2:46 AM
> > Subject: [Embedlets-dev] Embedlet legal entity
> >
> >
> > > Topic tags:[ARCH][JAPL][WIRING][DOCS][MGMT][STRATEGY][NEWBIE]
> > > _______________________________________________
> > >
> > > Before I started researching what it is going to take to create an
> > Embedlet
> > > legal entity to reference in the Embedlet license, does anyone have
any
> > > thoughts on this?
> > >
> > > Ted
> > >
> > > __________________________________________________
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