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BUSN 331 Business Law

tag 0 Download 4 Pages / 862 Words tag 07-07-2021


Part A: Incorporating A Company

The purpose of this part of the assignment is to acquaint you with the process of setting up your own corporation.

Assume the following facts:

  • The business you have started with your group needs to incorporate
  • The members of your group will own the business equally
  • You must select a suitable name for your corporation
  • Your group members have decided that no one can sell their shares to third parties without first offering them to the remaining shareholders first.
  • You will need to determine the number of directors for your corporation

You will set up a mock corporation using the actual forms required by Alberta Registries to create a corporation. These forms can be found at any registry and are also available online. Please do not ask the instructor to assist you in finding the forms as part of the assignment is for you to find the correct forms.

Your task is to determine what documents must be submitted to Alberta Registries and complete these documents.

Your completed forms will be submitted on the due date in your individual assignment package along with a maximum 1 page word document outlining:

  1. Any fees that will be incurred to set up your corporation;
  2. Listing any other documents that you will need to submit to corporate registry with the applicable forms; and,
  3. Briefly describing any additional steps that should be taken to get your corporation up and running in the province of Alberta (for example, do you need a business license or do you need to make any additional arrangement to run your business as a corporation in Alberta in the city of Edmonton.

Part B: Legal Concept Review

The report will consist of an introduction of the topic, identification of the legal test or requirements of the topic, identification of any defenses or exceptions that apply to the topic, a synopsis of one relevant case that deals with the topic which should include:

  • The style of cause and identification of the plaintiff and the defendant;
  • The facts of the case; and
  • The court’s decision
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