The sole proprietorship

It is a business owned by one person (sole proprietor) and not incorporated.

The partnership

A partnership is an association between two or more individuals, corporations, trusts or partnerships that come together for the purpose of carrying on a business.

A joint-stock company

The joint-stock company is a separate legal entity with share capital. We then distinguish each owner of the company by the term shareholder. When the company is formed, the owners transfer money, goods or services to the company in return for shares.

The corporation must file a separate tax return for each shareholder.


The cooperative is a group that wishes to equip itself with economic instruments that they can control. Each member has only one vote regardless of its economic importance.

Non-profit organizations

Non-profit organizations have a moral purpose or altruism. They are not intended to make a profit. Among the non-profit organizations, we find the following areas:

  • Cultural
  • Philanthropic
  • Religious
  • Scientist
  • artistic
  • Jock
  • Educative

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