Flag Of Convenience (business)
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Flag Of Convenience (business)
In business and commerce, the term flag of convenience is the use of a place, jurisdiction, state or country as a nominal (in name only) "home base" for one's operations or charter, even though either no or virtually no operations or business are conducted there. It is also used where the organization operates in one place even though nearly all of its customers are from elsewhere. It is a type of jurisdiction shopping. There are several reasons for doing this. Corporation requirements The most common use of a flag of convenience is a U.S. corporation being chartered as a domestic corporation in Nevada or Delaware because of favorable corporate governance rules. The reason for this sort of a choice is that, in general, in the United States, a corporation which operates in more than one state (or country) has a particular state where it is incorporated, to which it is a domestic corporation. In all other states where it operates and has filed papers to be allowed to operate, it ...
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Jurisdiction Shopping
Jurisdictional arbitrage is the practice of taking advantage of discrepancies between competing legal jurisdictions. It takes its name from arbitrage, the practice in finance of purchasing a good at a lower price in one market and selling it at a higher price in another. Just as in financial arbitrage, the attractiveness of jurisdiction arbitrage depends largely on its transaction costs, here the costs of switching legal service providers from one government to another. The lower the exit costs for leaving the jurisdiction (unrestricted emigration, cheap travel, liquidity of assets) the more desirable and feasible it is. Conversely, high entry costs into the more favourable jurisdiction are an inhibitor on jurisdictional arbitrage; certain tax havens such as Andorra grant permanent residency rights to immigrants only if they meet certain criteria. Jurisdictional arbitrage is a significant concept in modern free market anarcho-capitalism. Applications The practice of individuals ...
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General Tire
Continental Tire the Americas, LLC, d.b.a. General Tire, is an American manufacturer of tires for motor vehicles. Founded in 1915 in Akron, Ohio by William Francis O'Neil, Winfred E. Fouse, Charles J. Jahant, Robert Iredell, & H.B. Pushee as The General Tire & Rubber Company (also referred to as The General Tire & Rubber Co. and starting in the 1960's as simply General Tire) using funding from Michael O'Neil, William Francis' father, who owned Akron's O'Neil's department store. The company later diversified by 1984 into a conglomerate (GenCorp) with holdings in tires (General Tire), rubber compounds (DiversiTech General), rocketry and aeronautics ( Aerojet), entertainment and news (RKO General), and real estate. The tire division was sold to Germany's Continental in 1987, becoming Continental Tire North America, before its re-incorporation again to its current name. The compounds division was spun off & became OMNOVA Solutions. The rocketry business was kept and expanded, and ...
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Montgomery County, Maryland
Montgomery County is the most populous county in the state of Maryland. As of the 2020 census, the county's population was 1,062,061, increasing by 9.3% from 2010. The county seat and largest municipality is Rockville, although the census-designated place of Germantown is the most populous place within the county. Montgomery County, which adjoins Washington, D.C., is part of the Washington–Arlington–Alexandria, DC–VA–MD–WV metropolitan statistical area, which in turn forms part of the Baltimore–Washington combined statistical area. Most of the county's residents live in unincorporated locales, of which the most urban are Silver Spring and Bethesda, although the incorporated cities of Rockville and Gaithersburg are also large population centers, as are many smaller but significant places. The average household income in Montgomery County is among the highest in the United States. It has the highest percentage (29.2%) of residents over 25 years of age who hold po ...
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Washington, D
Washington commonly refers to: * Washington (state), United States * Washington, D.C., the capital of the United States ** A metonym for the federal government of the United States ** Washington metropolitan area, the metropolitan area centered on Washington, D.C. * George Washington (1732–1799), the first president of the United States Washington may also refer to: Places England * Washington, Tyne and Wear, a town in the City of Sunderland metropolitan borough ** Washington Old Hall, ancestral home of the family of George Washington * Washington, West Sussex, a village and civil parish Greenland * Cape Washington, Greenland * Washington Land Philippines *New Washington, Aklan, a municipality *Washington, a barangay in Catarman, Northern Samar *Washington, a barangay in Escalante, Negros Occidental *Washington, a barangay in San Jacinto, Masbate *Washington, a barangay in Surigao City United States * Washington, Wisconsin (other) * Fort Washington (other) ...
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Pennsylvania
Pennsylvania (; ( Pennsylvania Dutch: )), officially the Commonwealth of Pennsylvania, is a state spanning the Mid-Atlantic, Northeastern, Appalachian, and Great Lakes regions of the United States. It borders Delaware to its southeast, Maryland to its south, West Virginia to its southwest, Ohio to its west, Lake Erie and the Canadian province of Ontario to its northwest, New York to its north, and the Delaware River and New Jersey to its east. Pennsylvania is the fifth-most populous state in the nation with over 13 million residents as of 2020. It is the 33rd-largest state by area and ranks ninth among all states in population density. The southeastern Delaware Valley metropolitan area comprises and surrounds Philadelphia, the state's largest and nation's sixth most populous city. Another 2.37 million reside in Greater Pittsburgh in the southwest, centered around Pittsburgh, the state's second-largest and Western Pennsylvania's largest city. The state's su ...
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Commonwealth (U
A commonwealth is a traditional English term for a political community founded for the common good. Historically, it has been synonymous with "republic". The noun "commonwealth", meaning "public welfare, general good or advantage", dates from the 15th century. Originally a phrase (the common-wealth or the common wealth – echoed in the modern synonym "public wealth"), it comes from the old meaning of "wealth", which is "well-being", and is itself a loose translation of the Latin res publica (republic). The term literally meant "common well-being". In the 17th century, the definition of "commonwealth" expanded from its original sense of "public welfare" or "wikt:commonweal, commonweal" to mean "a state in which the supreme power is vested in the people; a republic or democracy, democratic state". The term evolved to become a title to a number of political entities. Three countries – Australia, the Bahamas, and Dominica – have the official title "Commonwealth", as do four U.S. ...
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Fireworks
Fireworks are a class of Explosive, low explosive Pyrotechnics, pyrotechnic devices used for aesthetic and entertainment purposes. They are most commonly used in fireworks displays (also called a fireworks show or pyrotechnics), combining a large number of devices in an outdoor setting. Such displays are the focal point of many cultural and religious Celebration (party), celebrations. Fireworks take many forms to produce four primary effects: noise, light, smoke, and floating materials (confetti most notably). They may be designed to burn with colored flames and sparks including red, orange, yellow, green, blue, purple and silver. They are generally classified by where they perform, either 'ground' or 'aerial'. Aerial fireworks may have their own Air propulsion, propulsion (skyrocket) or be shot into the air by a Mortar (weapon), mortar (aerial shell). Most fireworks consist of a paper or Card stock, pasteboard tube or casing filled with the combustion, combustible materia ...
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South Carolina
)''Animis opibusque parati'' ( for, , Latin, Prepared in mind and resources, links=no) , anthem = " Carolina";" South Carolina On My Mind" , Former = Province of South Carolina , seat = Columbia , LargestCity = Charleston , LargestMetro = Greenville (combined and metro) Columbia (urban) , BorderingStates = Georgia, North Carolina , OfficialLang = English , population_demonym = South Carolinian , Governor = , Lieutenant Governor = , Legislature = General Assembly , Upperhouse = Senate , Lowerhouse = House of Representatives , Judiciary = South Carolina Supreme Court , Senators = , Representative = 6 Republicans1 Democrat , postal_code = SC , TradAbbreviation = S.C. , area_rank = 40th , area_total_sq_mi = 32,020 , area_total_km2 = 82,932 , area_land_sq_mi = 30,109 , area_land_km2 = 77,982 , area_water_sq_mi = 1,911 , area_water_km2 = 4,949 , area_water_percent = 6 , population_rank = 23rd , population_as_of = 2022 , 2010Pop = 5282634 , population ...
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North Carolina
North Carolina () is a state in the Southeastern region of the United States. The state is the 28th largest and 9th-most populous of the United States. It is bordered by Virginia to the north, the Atlantic Ocean to the east, Georgia and South Carolina to the south, and Tennessee to the west. In the 2020 census, the state had a population of 10,439,388. Raleigh is the state's capital and Charlotte is its largest city. The Charlotte metropolitan area, with a population of 2,595,027 in 2020, is the most-populous metropolitan area in North Carolina, the 21st-most populous in the United States, and the largest banking center in the nation after New York City. The Raleigh-Durham-Cary combined statistical area is the second-largest metropolitan area in the state and 32nd-most populous in the United States, with a population of 2,043,867 in 2020, and is home to the largest research park in the United States, Research Triangle Park. The earliest evidence of human occupation i ...
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Dillon, South Carolina
Dillon is a city in Dillon County in eastern South Carolina, United States. It is the county seat and largest city of Dillon County. It was established on December 22, 1888. Both the name of the city and county comes from James W. Dillon, an early settler and key figure in bringing a railroad through the area. The population was 6,788 in the 2010 U.S. census. History Dillon County Courthouse, James W. Dillon House, and Dillon Downtown Historic District are listed on the National Register of Historic Places. Geography Dillon is located near the center of Dillon County in the Pee Dee region of northeastern South Carolina. The Little Pee Dee River, a tributary of the Pee Dee River, runs just east of the city. U.S. Routes 301 and 501 pass through the city as Second Avenue, leading northeast to Interstate 95 at South of the Border along the North Carolina line, and southwest to Latta. Interstate 95 passes northeast of the city, with access from Exits 190 and 193. I-95 leads ...
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South Of The Border (attraction)
South of the Border is an attraction on Interstate 95 (I-95), US Highway 301 (US 301) and US 501 in Hamer, South Carolina, just south of Rowland, North Carolina. It is so named because it is just south of the border between North Carolina and South Carolina, and was the half way point to Florida from New York in the early days of motor travel. The area is themed in faux-Mexican style. The rest area contains restaurants, gas stations, a video arcade, motel, truck stop, a small amusement park, a mini golf course, shopping, fireworks stores, and a motocross training complex. Its mascot is Pedro, a caricature of a Mexican bandido. South of the Border is known for its roadside billboard advertisements, which begin many miles away from and incorporate a mileage countdown to the attraction itself. The stop has since fallen on hard times as more modern hotel areas have grown along I-95. Design The entire motif of South of the Border can be described as intentiona ...
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Tourist Attraction
A tourist attraction is a place of interest that tourists visit, typically for its inherent or an exhibited natural or cultural value, historical significance, natural or built beauty, offering leisure and amusement. Types Places of natural beauty such as beaches, tropical island resorts, national parks, mountains, deserts and forests, are examples of traditional tourist attractions which people may visit. Cultural tourist attractions can include historical places, sites of significant historic event, monuments, ancient temples, zoos, aquaria, museums and art galleries, botanical gardens, buildings and structures (such as forts, castles, libraries, former prisons, skyscrapers, bridges), theme parks and carnivals, living history museums, public art (sculptures, statues, murals), ethnic enclave communities, historic trains and cultural events. Factory tours, industrial heritage, creative art and crafts workshops are the object of cultural niches like industrial tourism and ...
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