Quotes of the day:
Business strategies can interestingly be assimilated with medicinal drugs. There are no better or worse strategies. There are only adequately adopted business strategies or inappropriately selected and implemented strategies.
An unlimited liability corporation (ULC) is a corporate structure used in Canada that allows shareholders to be liable if the company declares bankruptcy. Sometimes ex-shareholders are also liable, depending on how recently they sold their stock. Despite this disadvantage, the structure of a ULC can be preferable in certain circumstances due to the tax benefits granted to shareholders of these companies.
Limited and Unlimited Liability
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