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VIDEO · 17 JANUARY 2023

Different Types Of Entities Lenders May Encounter: Sole Proprietors (Video)

Gowling WLG
Gowling WLG
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A sole proprietor is at the opposite end of the spectrum from a corporation. It's the term given to an individual who runs a business in their own personal name or unincorporated business style...

CanadaFinance and Banking
Matthijs Van Gaalen
Matthijs Van Gaalen
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A sole proprietor is at the opposite end of the spectrum from a corporation. It's the term given to an individual who runs a business in their own personal name or unincorporated business style without using any other vehicle to do so.

In this video we discuss:

  • Personal liability
  • Entering into contracts without additional authorization
  • Importance of confirming the legal name
  • Desirability of a witness

Transcript

I am Matthijs van Gaalen and I'm a corporate / commercial lending lawyer at Gowling WLG.

and you're watching our third video as part of our video series entitled different types of borrowing entities in this video we're going to review sole proprietorships.

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