$1.70 a litre in BC

Twin_Moose

Hall of Fame Member
Apr 17, 2017
22,041
6,160
113
Twin Moose Creek
Limited companies are owned by individuals called 'guarantors'

How can that be, I'm a 25% shareholder in our little Limited company and still a guarantor in the company's loans?

Please quit embarrassing yourself you can't set up a limited company without shareholders, even limited partnerships is set up with shares either major and minor shareholders or 50%/50% ownership. Guarantor is mandatory to secure loans in case the Corporation fails to repay their loans, to give the banks or investors another avenue to recoup their investment outside the assets of the company. This was set in law in the late 80's after the rash of bankruptcies that saw many small corps. selling off their assets to their shareholders just before bankruptcy, just to combine all the assets into a new company afterwards and go back into business without the previous debt load.
 

spilledthebeer

Executive Branch Member
Jan 26, 2017
9,296
4
36
Still nattering on about subjects you know zero about.




Oh now................................


I think you are being TO HARD on hemerHOID!!!!!!!!!!!!!!!!!!!!!!!!


He is not really ignorant you know!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


he is really just a typical LIE-beral who sincerely believes...........................


due to his colossal arrogance and grotesque sense of entitlement............................................



that half truths .............................


evasions of reality and logic........................


and occasional outright DIRTY LIES.......................



are useful political tools!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
 

spilledthebeer

Executive Branch Member
Jan 26, 2017
9,296
4
36
We're at about $1.31 in Vernon right now...………..up 9 cents, but no one is saying why!




Oil and gas pricing is really very SIMPLE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


HYPOCRITE ASSHATS PAY EXTRA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

Hoid

Hall of Fame Member
Oct 15, 2017
20,408
4
36
How can that be, I'm a 25% shareholder in our little Limited company and still a guarantor in the company's loans?

Please quit embarrassing yourself you can't set up a limited company without shareholders, even limited partnerships is set up with shares either major and minor shareholders or 50%/50% ownership. Guarantor is mandatory to secure loans in case the Corporation fails to repay their loans, to give the banks or investors another avenue to recoup their investment outside the assets of the company. This was set in law in the late 80's after the rash of bankruptcies that saw many small corps. selling off their assets to their shareholders just before bankruptcy, just to combine all the assets into a new company afterwards and go back into business without the previous debt load.
How can it be that every company the ever starts up grows to the point of having shareholders?

That only works when climate change is a hoax and only white people face discrimination.
 

petros

The Central Scrutinizer
Nov 21, 2008
117,162
14,240
113
Low Earth Orbit
Whoa there Natty Daddy... if a Sole Proprietorship, one person is the Corporation and owns the whole.
A share is a portion of a whole.

Shareholder Liabilities

Due to the separate legal existence of a company, shareholders are not responsible for the company’s obligations simply because they are a shareholder.


The liability of a shareholder is usually limited to:

-any unpaid amounts on the shares held by that shareholder;
-any liability or obligations expressly provided for in the company’s constitution or shareholders agreement;
-and liability for breach of directors’ duties if shareholders are considered to be directors (e.g. if shareholders are provided with powers that would ordinarily be exercised by directors).


Key Takeaways
In return for an investment in the company, shareholders enjoy certain rights and powers. These rights and powers usually relate to having a voice in the running of the company, entitlements to receive reports and enjoyment in the profits of the company. Liability of shareholders is often limited to the amount unpaid on their shares, but further liability can arise depending on the terms of the company’s constitution and shareholders agreements.
 
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taxslave

Hall of Fame Member
Nov 25, 2008
36,362
4,340
113
Vancouver Island
Hoid still thinks that the only corporations are megacorp. Either they don't teach much of any importance in school these days or hoid has been skipping a lot of classes.
 

JLM

Hall of Fame Member
Nov 27, 2008
75,301
548
113
Vernon, B.C.
Hoid still thinks that the only corporations are megacorp. Either they don't teach much of any importance in school these days or hoid has been skipping a lot of classes.


Hoid has missed a hell of a lot of education throughout his "career"! :)
 

spilledthebeer

Executive Branch Member
Jan 26, 2017
9,296
4
36
Yep. I notice the gas stations have one pump allocated for "hypocrite asshats" only! :)




YES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


And all the pumps in B.C. have that special added.........................


STUPIDITY TAX!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


For those who support either LIE-berals or their idiot cousins........................


the NDPees and Greenies..........................................


which seems to mean virtually ALL of B.C.!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

petros

The Central Scrutinizer
Nov 21, 2008
117,162
14,240
113
Low Earth Orbit
$1.22.9 at Costco this morning. The rest of Courtenay is running around $1.27.9 Propane is dirt cheap as well.
GAS UP!

Saskatchewan

Regina Co-op refinery workers vote overwhelmingly to strike if necessary

Mediation ended without an agreement on November 12
CBC News

Posted: 4 Hours Ago
 

Twin_Moose

Hall of Fame Member
Apr 17, 2017
22,041
6,160
113
Twin Moose Creek
How can it be that every company the ever starts up grows to the point of having shareholders?
That only works when climate change is a hoax and only white people face discrimination.

Every Corporation have share holders, in it's conception it is pooled resources to share the risk of one's resources
 

captain morgan

Hall of Fame Member
Mar 28, 2009
28,429
148
63
A Mouse Once Bit My Sister
Hoid still thinks that the only corporations are megacorp. Either they don't teach much of any importance in school these days or hoid has been skipping a lot of classes.


Buddy attends school every day, it's more an issue of his riding the short bus and his refusal to wear his hockey helmet at all times


Every Corporation have share holders, in it's conception it is pooled resources to share the risk of one's resources


Shelter from full exposure of liability is among the biggest reasons to go this route
 

JLM

Hall of Fame Member
Nov 27, 2008
75,301
548
113
Vernon, B.C.
YES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


And all the pumps in B.C. have that special added.........................


STUPIDITY TAX!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


For those who support either LIE-berals or their idiot cousins........................


the NDPees and Greenies..........................................


which seems to mean virtually ALL of B.C.!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


In certain urban areas there's a method to the madness. Getting certain single occupants out of gas guzzlers and onto public transit. Saves money as well as the environment. (Won't work in ALL cases)
 

Hoid

Hall of Fame Member
Oct 15, 2017
20,408
4
36
Every Corporation have share holders, in it's conception it is pooled resources to share the risk of one's resources
the vast majority of businesses are small

only a very few ever grow to the point of having shareholders.