|
Shell (company)
A shell corporation is a company or corporation with no significant assets or operations often formed to obtain financing before beginning business. Shell companies were primarily vehicles for lawfully hiding the identity of their beneficial owners, and this is still the defining feature of shell companies due to the loopholes in the global corporate transparency initiatives. It 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 for legitimate purposes but can be used for tax evasion, tax avoidance, money laundering, to dodge current or future Lawsuit, lawsuits or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Company
A company, abbreviated as co., is a Legal personality, legal entity representing an association of legal people, whether Natural person, natural, Juridical person, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the State (polity), state which granted the privilege of incorporation. 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 to generate sales, revenue, and For-profit, profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment Company
An investment company is a financial institution principally engaged in holding, managing and investing securities. These companies in the United States are regulated by the U.S. Securities and Exchange Commission and must be registered under the Investment Company Act of 1940. Investment companies invest money on behalf of their clients who, in return, share in the profits and losses. Investment companies are designed for long-term investment, not short-term trading. Investment companies do not include brokerage companies, insurance companies, or banks. In United States securities regulation, there are at least five types of investment companies: * Open-End Management Investment Companies (mutual funds) * Face-amount certificate companies: very rare * Closed-End Management Investment Companies (closed-end funds) * UITs ( unit investment trusts): only issue redeemable units * Exchange-traded funds ( ETFs) In general, each of these investment companies must register under th ... [...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 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 two of the Cunningham stations are operated by Sinclair under local marketing agreements (the exceptions are WTAT-TV, which Cunningham operates directly with no involvement from Sinclair outside of a news-share agreement with a Sinclair-owned station in its market, and 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 which Sinclair uses to circumvent Federal Communications Commission regulations on television station ownership. History Cunningh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sinclair Broadcasting Group
Sinclair, Inc., doing business as Sinclair Broadcast Group, is a publicly traded American telecommunications conglomerate that is controlled by the descendants of company founder Julian Sinclair Smith. Headquartered in the Baltimore suburb of Cockeysville, Maryland, the company is the second-largest television station operator in the United States by number of stations after Nexstar Media Group, owning or operating 193 stations across the country in over 100 markets, covering 40% of American households. Sinclair is the largest owner of stations that are affiliated with Fox, NBC, CBS, ABC, MyNetworkTV, The CW, and The CW Plus. Sinclair owns four digital multicast networks, Comet, Charge!, The Nest, and Roar, and the sports-oriented cable network Tennis Channel. In June 2021, Sinclair became a ''Fortune'' 500 company, having reached 2020 annual revenues of billion, equivalent to $billion in . A 2019 study in the ''American Political Science Review'' found that "stat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HMV Canada
HMV is an international music and entertainment retailer, founded in 1921. The brand is owned by Hilco Capital and operated by Sunrise Records, except in Japan, where it is owned and operated by Lawson. The inaugural shop was opened on London's Oxford Street by the Gramophone Company, who had already established the His Master's Voice symbol on their sound equipment, and from 1909, as its own record label. In the 1960s, HMV became a chain across London, and expanded nationwide in the 1970s. It expanded internationally in the mid-1980s, and opened its 100th UK shop in 1997. In 1998, the retail operations were divested from EMI (successor to the Gramophone Company), to form what would become HMV Group plc. In 2007, HMV bought rival retailer, Fopp, as well divesting its Japanese business. In April 2013, HMV was rescued by Hilco Capital for an estimated £50 million after falling into administration. In February 2019, the Canadian retailer Sunrise Records rescued 100 of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hilco Capital
Hilco Capital Limited is a British financial investment and restructuring advisory company, operating in the UK, Western Europe, Canada and Australia. History Hilco Capital was founded in London in 2000 as a joint venture between its management team and Hilco Global. In April 2013, Hilco Capital rescued entertainment retailer HMV/ Fopp from administration, saving 141 branches. In February 2019, the retailer was sold to Sunrise Records, but with Hilco Capital retaining and licensing the trademarks for HMV/Fopp and His Master's Voice as Mermaid (Brands) Limited. In May 2018, Hilco Capital rescued the home improvement chain Homebase for a nominal £1 from Wesfarmers, following a botched attempt to convert the stores to their Bunnings Warehouse format. In August 2018, Hilco Capital announced a company voluntary arrangement (CVA) for Homebase, closing 42 of its 249 stores in an attempt to return it to profitability. In February 2020, the retailer returned to profitability earlier ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dissolution (law)
In law, dissolution is any of several legal events that terminate a legal entity or agreement such as a marriage, adoption, corporation, or union. Dissolution is the last stage of liquidation, the process by which a company (or part of a company) is brought to an end, and the assets and property of the company are gone forever. Dissolution of a partnership is the first of two stages in the termination of a partnership. "Winding up" is the second stage. Dissolution may refer to the termination of a contract or other legal relationship. For example, in England and Wales, divorce is the end of a marriage; dissolution is the end of a civil partnership. ( A common misperception is that dissolution is only if the husband or wife does not agree: if the husband and wife agree then it is a dissolution). Dissolution is also the term for the legal process by which an adoption is reversed. While this applies to the vast majority of adoptions which are terminated, they are more commonly ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Atlus
is a Japanese video game developer, video game publisher, publisher, Arcade game, arcade manufacturer and distribution company based in Tokyo. A subsidiary of Sega, the company is known for the ''Megami Tensei'', ''Persona (series), Persona'', ''Etrian Odyssey'', and ''Trauma Center (video game series), Trauma Center'' series. Its corporate mascot is Jack Frost, a snowman-like character from their ''Megami Tensei'' series. The company is also known for their ''Print Club'' arcade machines, which are selfie photo sticker booths in East Asia. Atlus was established in April 1986 and spent its early years as a video game developer for other companies. It became a video game publisher of its own in 1989 and existed until it was merged into Index Corporation in October 2010. The Atlus name continued as a brand used by Index Corporation for video game publishing until it filed for bankruptcy in June 2013. This company was then acquired by Sega via its new subsidiary Sega Dream Corpor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
IXIT Corporation
, formerly known as , is a Japanese corporate information and communications technology company owned by Sawada Holdings. "Index Corporation" was a corporate name used by three different Japanese companies, between 1997 and 2016, the last one being founded in April 2014. All three incarnations of Index Corporation have been linked to the video game company Atlus at one time or another. The original Index Corporation was founded in 1995 and acquired Atlus in 2006. It went bankrupt in June 2013 while still owning Atlus. In September 2013, Sega created the shell corporation Sega Dream Corporation with the sole intent of purchasing the assets of Index Corporation. Sega Dream was renamed Index Corporation in November 2013 and gained possession of Atlus' name and intellectual properties. On April 1, 2014, the new Index Corporation was renamed Atlus, but was amputated from its non-gaming business that Sega transferred the same day to a new company called Index Corporation. In 2015, Sega ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sega Sammy Holdings
(also known as the Sega Sammy Group or simply as Sega Sammy) is a Japanese global holding company and Conglomerate (company), conglomerate formed from the Mergers and acquisitions, merger of Sega and Sammy Corporation in 2004. Both companies are involved in the amusement arcade, amusement industry (Sega with arcade game, arcade and home video games, Sammy with pachinko machines). Background Sega Sega was founded on June 3, 1960, by American businessman Martin Bromley. The company started to distribute slot machines to U.S. bases in Japan. During the 1960s, Service Games was renamed to Sega Enterprises Ltd. Sega Enterprises sold their first product, the electro-mechanical game called Periscope (arcade game), ''Periscope'' which became a worldwide hit. In 1969, Sega Enterprises was acquired by U.S. conglomerate Gulf and Western Industries (which also owned the famed movie studio Paramount Pictures around this time). In 1983, Sega launched the SG-1000, Sega Computer Videoga ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Special Purpose Entity
A special-purpose entity (SPE), also called a special-purpose vehicle (SPV) or a financial vehicle corporation (FVC), is a legal entity (usually a limited company of some type or, sometimes, a limited partnership) created to fulfill narrow, specific or temporary objectives. SPEs are typically used by companies to isolate the firm from financial risk. A formal definition is "The Special Purpose Entity is a fenced organization having limited predefined purposes and a legal personality". Normally a company will transfer assets to the SPE for management or use the SPE to finance a large project thereby achieving a narrow set of goals without putting the entire firm at risk. SPEs are also commonly used in complex financings to separate different layers of equity infusion. Commonly created and registered in tax havens, SPEs allow tax avoidance strategies unavailable in the home district. Round-tripping is one such strategy. In addition, they are commonly used to own a single asset and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Double Irish Arrangement
The Double Irish arrangement was a base erosion and profit shifting (BEPS) corporate tax avoidance tool used mainly by United States multinationals since the late 1980s to avoid corporate taxation on non-U.S. profits. (The US was one of a small number of countries that did not use a "territorial" tax system, and taxed corporations on all profits, no matter whether the profit was made outside the US or not, in contrast to "territorial" tax systems which tax only profits made within that country.) It was the largest tax avoidance tool in history. By 2010, it was shielding US$100 billion annually in US multinational foreign profits from taxation, and was the main tool by which US multinationals built up untaxed offshore reserves of US$1 trillion from 2004 to 2018. Traditionally, it was also used with the Dutch Sandwich BEPS tool; however, 2010 changes to tax laws in Ireland dispensed with this requirement. Despite US knowledge of the Double Irish for a decade, it was the Eur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
