Co-Operatives.

Slides:

Advertisements

Similar presentations

Co-operative Enterprise. Types of Co-operatives Retail Co-operatives: Formed to provide goods to members at reduced rates. Marketing Co-operatives: Created.

Advertisements

1 Tools of the Trade, Part I The Balance Sheet: Initial Financing – Investments by Owners CHAPTER F3 © 2007 Pearson Custom Publishing.

McGraw-Hill/Irwin Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved. Shareholders’ Equity: Capital Chapter 11.

Power Notes Chapter F11 Corporations: Organization, Capital Stock, Dividends Learning Objectives 1. Nature of a Corporation 2. Stockholders’ Equity 3.

1. 1.To examine the steps to the process of becoming a business owner. 2.To differentiate the various types of business ownership. 3.To illustrate the.

© The McGraw-Hill Companies, Inc., 2005 McGraw-Hill/Irwin 11-1 STOCKHOLDERS’ EQUITY: PAID-IN CAPITAL Chapter 11.

Corporations: Organization, Stock Transactions & Dividends

Lecturer: Aaron Grinhaus, LL.B., J.D. January 25, 2013 Enactus at University of Toronto Basic Legal Considerations for Starting a Business in Ontario.

11-1 Corporations: Organization, Stock Transactions, and Dividends 11.

Business Organization. 2 Let’s Review Primary Industry Primary Industry Secondary Industry Secondary Industry Service Industry Service Industry.

Forms of Business Ownership ~ The Corporation ~ & ~ The Stock Market ~

TRANSFERABILITY OF INTEREST

Financial Statement Analysis MGT-537 Dr. Hafiz Muhammad Ishaq 32

FORMS OF BUSINESS ORGANIZATION. Introduction and Understanding of  Three Principal Forms of Business Organization  Essential Attributes and Characteristics.

Company Accounts Companies can be divided into 2 types: A Public Limited Company which is shown as Plc A Private Limited Company which is shown as Ltd.

Social Economy Legislation: Co-operatives Third Southern Ontario Social Economy Node Symposium May 1, 2008 Presented by Brian Iler.

CHOOSING THE RIGHT FORM OF OWNERSHIP ENT 12. WHAT ARE THE CHOICES? A new venture can be established as:  a sole proprietorship  a partnership  or a.

Business Organizations. Starting a Business  Entrepreneurs : people who decide to start a business and are willing to take risks  Entrepreneurs should.

V. STOCKS. “Bulls Make Money, Bears Make Money, but Pigs Get Slaughtered” – Wall Street SayingWall Street Saying.

Forms of Business Organization in the USA

CORPORATIONS: ORGANIZATION AND SHARE CAPITAL TRANSACTIONS

The Stock Market What you need to know to begin investing.

Corporations Chapter 12. Corporation Characteristics Is a legal entity, distinct and separate from the individuals who create and operate it. It may acquire,

Financial Structure Chapter 35. Initial Financing 1. Debt Securities (bonds) – Debtor/Creditor relationship 2. Equity Securities (stock) – Shareholders.

© The McGraw-Hill Companies, Inc., 2008 McGraw-Hill/Irwin STOCKHOLDERS’ EQUITY: Paid-In Capital Chapter 11.

© The McGraw-Hill Companies, Inc., 2002 McGraw-Hill/Irwin Slide 11-1 STOCKHOLDERS’ EQUITY: PAID-IN CAPITAL Chapter 11.

CORPORATE FORM OF ORGANIZATION A corporation is a legal entity created by law that is separate and distinct from its owners.

10/7/20151 Business Organizations Chapter 3. 10/7/20152 Sole Proprietorships  Most common form of business organization in the U.S.  Owned & run by.

© 2011 Cengage Learning created by Dr. Richard S. Savich. California Real Estate Finance Bond, McKenzie, Fesler & Boone Ninth Edition Chapter 3 NonInstitutional.

Copyright © Cengage Learning. All rights reserved. Chapter 11 Contributed Capital.

1 STOCKHOLDERS’ EQUITY: Chapter Existence is separate from owners. An entity created by law. Has rights and privileges. Privately, or Closely, Held.

Chapter 8-Business Organizations Elements of Business Operation include: A. expenses-include inventory and other items you will need to do your job. B.

Business Organization. 2 Forms of Business Organization A group that engages in economic activity (wealth exchanged for goods or services) is called a.

1. Overview of Corporation (General) 2. Cash and Property dividends 3. Stock dividends and Stock splits 4. Treasury Stock transactions 5. Stock rights.

McGraw-Hill/Irwin Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved Chapter Eleven: Stockholders’ Equity: Paid-in Capital.

Copyright: M. S. Humayun Financial Management Lecture 2 Addendum Some Definitions.

Corporations Organization (Formation) And Financial Structure.

FINANCE IN A CANADIAN SETTING Sixth Canadian Edition Lusztig, Cleary, Schwab.

© The McGraw-Hill Companies, Inc., 2002 McGraw-Hill/Irwin Slide 11-1 STOCKHOLDERS’ EQUITY: PAID-IN CAPITAL.

ABDUL RASHID MBAECM, MBA, MIS, CHRM, BA, DIP PRESIDENT PHONE ANTIQUA ROAD, MISSISSAUGA L5B 2T8 ONTARIO, CANADA.

VALUATION OF SHARES AND DEBENTURE. NEED OR PURPOSE  When two or more companies amalgamate or one company absorb another company.  When a company has.

Stockholders’ Equity Three primary forms of business organization The Corporate Form of Organization ProprietorshipPartnershipCorporation.

California Real Estate Finance Fesler & Brady 10th Edition

Accounting Using Excel for Success PowerPoint Presentation by: Douglas Cloud, Professor Emeritus Accounting, Pepperdine University © 2011 Cengage.

Corporations: Organization, Stock Transactions, and Dividends Chapter 13 1.

Prepared by: C. Douglas Cloud Professor Emeritus of Accounting Pepperdine University Chapter 11 Corporations: Organization, Stock Transactions, and Dividends.

Mortgages. A mortgage is a loan that is secured by property. Mortgages are large loans, and the money is generally borrowed over a large amount of time.

Formation of a Private Limited Company. Objectives At the end of this lesson, students should be able to…. Complete a Memorandum of association List private.

Business Organizations Farm & Ranch Business Management Original Power Point Created by Casey Osksa Modified by Georgia Agricultural Education Curriculum.

Accounting 30S Accounting Basics Review Questions.

Agriculture Business Organizations

STOCKHOLDERS’ EQUITY: PAID-IN CAPITAL

Business Organization

Electronic Presentation by Douglas Cloud Pepperdine University

Stockholders’ Equity: Paid-In Capital

Forms of Business Organizations

THE MULTINATIONAL ENTERPRISE

Forms of Business Ownership

Accounting Basics Review Questions

The Stock Market Game.

Corporations: Organization, Stock Transactions, and Dividends

CORPORATIONS: ORGANIZATIONS AND CAPITAL STOCK

Stockholders’ Equity: Paid-In Capital

Slide Set Eight Corporations II Shareholder Rights

FINANCING A BUSINESS Chapter Goals:

Corporations: Organization, Stock Transactions, and Dividends

Financial Management Lecture 2

The corporate structure

Presentation transcript:

Co-Operatives

Co-Operatives Equity Co-Operatives in Toronto used to give one vote to each unit, but now share is based on size of property proportional to the entire co-operative Regulated by Financial Services Commission of Ontario (FSCO) Operated under Co-Operative Corporations Act; member-owned and controlled By-laws control day-to-day operation

Co-Operatives Act requires that each member has one vote, regardless of their invested amount Act regulates offering statements and related disclosures E.g. when securities are sold beyond basic membership shares Distribution of surplus funds on the termination of equity co-operative Registration must be done under Sections 4, 5, 6 Specific number of people required to be able to file Articles of Incorporation + other documents FSCO issues certificate of incorporation after payment of fee

Co-Operatives Co-operative Branch and the Credit Union can provide information about: The procedure for registration Ongoing record-keeping/filing requirements Other information related to offering statements (such as offerings for share purchase by public) Types of co-ops other than housing co-ops: Supply co-op Service co-op Milk transport co-op Marketing co-op etc.

Co-Operatives Co-ops normally require approval of the Board of Directors for a pledge of share or assignment of an occupancy agreement – this makes the purchase process more complicated Entire co-op property is normally mortgaged – joint liability of all owners based on proportionate share in co-op Lenders are normally reluctant to provide financing against share in a co-op, and they will require a personal guarantee from co-op share owner Buyers should only purchase a share in a co-op if they are assured that the seller has paid off outstanding obligations

Co-Operatives Types of Co-Operatives Equity Co-Operatives (with share capital) Condo Corp. owns the land and buildings and members are shareholders in the Corp. Shareholders own shares and have share certificate as well as occupancy agreement for their specific units If the corp. is dissolved, liabilities are paid after which remaining amount will be divided between shareholders Non-Profit Co-Operatives (without share capital) Main objective of non-profit co-ops is to provide housing for members without any gain for them If the corp. is dissolved, liabilities will be paid after which remaining property will be paid to non-profit housing co-ops or charitable organizations