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Shell Corporations
A shell corporation is a company or corporation that exists only on paper and has no office and no employees, but may have a bank account or may hold passive investments or be the registered owner of assets, such as intellectual property, or ships. Shell companies may be registered to the address of a company that provides a service setting up shell companies, and which may act as the agent for receipt of legal correspondence (such as an accountant or lawyer). The company may serve as a vehicle for business transactions without itself having any significant assets or operations. Shell companies are used regularly for tax evasion, tax avoidance, money laundering, or to achieve a specific goal such as anonymity. Anonymity may be sought to shield personal assets from others, such as a spouse when a marriage is breaking down, from creditors, or from government authorities. Shell companies can have legitimate business purposes. They may, for example, act as trustee for a trust, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Company
A company, abbreviated as co., is a Legal personality, legal entity representing an association of people, whether Natural person, natural, Legal person, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * List of legal entity types by country, business entities, whose aim is generating profit * financial entities and banks * programs or Educational institution, educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared Incorporation (business), incorporation, or published policy. When a company closes, it may need to be Liquidation, liquidated to avoid further legal obligations. Companies may associate and collectively register themselves ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial Mail Receiving Agency
Within the United States, a commercial mail receiving agency (CMRA) is a private business that accepts mail from the Postal Service on behalf of third parties. A CMRA may also be known as a mail drop. A customer of a CMRA can receive mail and other deliveries at the street address of the CMRA rather than the customer's own street address. Depending on the agreement between the customer and the CMRA, the CMRA can forward the mail to the customer or hold it for pickup. Unlike a post office box, a CMRA operates independently of the national postal administration and is therefore able to receive courier packages or other non-mail. CMRAs typically provide ancillary services such as facsimile, copy or courier. A customer may wish to use the services of a CMRA for privacy. A customer in one community may contract with a CMRA in another community with a better known or more prestigious address. A business located near an international border may use a CMRA as a point of local presen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deerfield Media
Deerfield Media, Inc. is a broadcasting company and a shell corporation owned and operated by Stephen P. Mumblow. It was established on December 1, 2012 by the acquisition of several television stations connected to the Sinclair Broadcast Group. Most of its stations are part of duopolies with another Sinclair-owned station, and are operated under local marketing agreements or similar by Sinclair. As a part of its acquisition of multiple stations from Newport Television in Cincinnati and San Antonio, Sinclair sold WSTR-TV and KMYS (MyNetworkTV and The CW affiliates respectively) to Deerfield, and also gave them an option to purchase WJTC and WPMI at a later date. Deerfield Media also acquired KBTV-TV, a Fox affiliate in Beaumont, Texas, from Nexstar Broadcasting Group, whose operations were assumed by Sinclair's KFDM. Through an option exercised by Sinclair, Deerfield also acquired WUTB, a MyNetworkTV affiliate owned by Fox Television Stations. This purchase created a triopoly bet ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cunningham Broadcasting
Cunningham Broadcasting Corporation is an owner of broadcast television stations in the United States. The company currently owns fifteen stations – eight affiliated with Fox, three affiliated with The CW, two affiliated with ABC, and two affiliated with MyNetworkTV. Cunningham has very close ties to the Sinclair Broadcast Group. All but one of the Cunningham stations are operated by Sinclair under local marketing agreements (the exception is WYZZ-TV, which is operated by Nexstar Media Group). In addition, over 90 percent of Cunningham's stock is controlled by trusts in the name of Sinclair founder Julian Smith's children. Based on these arrangements, Cunningham appears to be a shell corporation that Sinclair uses to circumvent Federal Communications Commission regulations on television station ownership. History Cunningham was formed in 1994 as Glencairn, Ltd. It was headed by Edwin Edwards, a former Sinclair executive who had been general manager of one of Sinclair's original ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
