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Maclen Music
Northern Songs Ltd was a limited company founded in 1963, by music publisher Dick James, artist manager Brian Epstein, and songwriters John Lennon and Paul McCartney of the Beatles, to publish songs written by Lennon and McCartney. In 1965, it was decided to make Northern Songs a public company, to reduce their income tax burden. After Epstein died in 1967, Lennon and McCartney sought to renegotiate their publishing deal with James but, early in 1969, James and his partner sold their shares in Northern Songs to Britain's Associated Television (ATV), without warning Lennon or McCartney. Lennon and McCartney attempted to gain a controlling interest in Northern Songs but their bid failed, because the financial power of Lew Grade ensured that Northern Songs passed into the control of ATV. Allen Klein (then ''de facto'' Beatles manager) attempted to set up a deal for Apple Corps to buy out ATV, but that also failed. McCartney once informed Michael Jackson about the financial value o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Limited Company
In a limited company, the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by Share (finance), shares or by guarantee. In a company limited by shares, the liability of members is limited to the unpaid value of shares. In a company limited by guarantee, the liability of owners is limited to such amount as the owners may undertake to contribute to the assets of the company, in the event of being wound up. The former may be further divided in public companies (public limited company, public limited companies) and private companies (private limited company, private limited companies). Who may become a member of a private limited company is restricted by law and by the company's rules. In contrast, anyone may buy shares in a public limited company. Limited companies can be found in most countries, although the detailed rules governing them vary widely. It is also common for a distinct ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |