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Shell Company
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, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Company
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, 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 * business entities, whose aim is generating profit * financial entities and banks * programs or 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, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial p ... [...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 pres ... [...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 triop ... [...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 ori ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sinclair Broadcasting Group
Sinclair Broadcast Group, Inc. (SBG) 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 a total of 193 stations across the country in over 100 markets (covering 40% of American households), many of which are located in the South and Midwest, and is the largest owner of stations affiliated with Fox, NBC, CBS, ABC, MyNetworkTV, and The CW. Sinclair also owns four digital multicast networks (Comet, Charge!, Stadium, and TBD), sports-oriented cable networks ( Tennis Channel and Bally Sports Regional Networks), and a streaming service (Stirr). On June 2, 2021, it was announced that Sinclair is a ''Fortune'' 500 company, having annual revenues of $5.9 billion in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HMV Canada
HMV Canada Ltd. was a Canadian entertainment retailer, owned by Hilco. The company was originally a subsidiary of HMV in the United Kingdom until it was sold to Hilco Capital in 2011. HMV itself would later be bought by Hilco in 2013. HMV Canada's head office was located in Etobicoke. The retailer ceased operations in Spring 2017. History HMV Canada was established in 1986 by the purchase of the Mister Sound chain by EMI Music Canada. Stores in the country did not have rights to the "His Master's Voice" trademark, as it was owned by Technicolor SA and licensed out. HMV Canada's application for use of the trademark was abandoned in 2010. Though the initials "HMV" came from the His Master's Voice trademark, HMV was not prevented from using its initials in Canada. In some radio and television commercials in the 1990s, HMV Canada used "HMV" as an acronym for "hot music values". The flagship store, which opened in 1991 at 333 Yonge Street in Toronto, "turned music shopping int ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hilco Capital
Hilco Capital is a British international company that specialises in restructuring and refinancing other companies. Notable projects Hilco has been involved with these companies, and in some cases owning and operating them for a period of time: United Kingdom * Adams Childrenswear * Allders (original store closures) * Allied Carpets * Andys Records * Bank * Beatties of London * Borders (UK) * British Home Stores (cleared stores) * Chapelle Jewellery & Watches * Clintons (294 store closures) * Courts plc * Denby Pottery Company (debt, restructuring and management buyout) * Elvi * Ethel Austin * Extreme Stores * Faith * Fashion Rocks * Focus DIY * Habitat (debt and restructuring) * HMV (purchased in 2013) * Homebase (purchased in June 2018) * Hypervalue * ILVA (UK) * JJB Sports (cleared stores) * Kwik Save * Litho Supplies * Littlewoods * Maplin (retailer) (Cleared stores) * MFI Group * MK One * Music and Video Club * Nicole Farhi (fashion label, sold in 2012) ... [...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.Slides 11-17 oPowerpoint for Chapter 21 from McGraw-Hill from 2nd Ed. of Kusabek Dissolution may also refer to the termination of a contract or other legal relationship; for example, a divorce is the dissolution of a marriage 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 referred to as disr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Intellectual Property
Intellectual property (IP) is a category of property that includes intangible creations of the human intellect. There are many types of intellectual property, and some countries recognize more than others. The best-known types are patents, copyrights, trademarks, and trade secrets. The modern concept of intellectual property developed in England in the 17th and 18th centuries. The term "intellectual property" began to be used in the 19th century, though it was not until the late 20th century that intellectual property became commonplace in the majority of the world's legal systems."property as a common descriptor of the field probably traces to the foundation of the World Intellectual Property Organization (WIPO) by the United Nations." in Mark A. Lemley''Property, Intellectual Property, and Free Riding'', Texas Law Review, 2005, Vol. 83:1031, page 1033, footnote 4. The main purpose of intellectual property law is to encourage the creation of a wide variety of intellectual go ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Atlus
is a Japanese video game developer, publisher, arcade manufacturer and distribution company based in Tokyo. A subsidiary of Sega, the company is known for video game series such as '' Megami Tensei'', '' Persona'', '' Etrian Odyssey'' and '' Trauma Center'', as well as '' Print Club'' (''Purikura'') arcade machines. Its corporate mascot is Jack Frost, a snowman-like character from their ''Shin Megami Tensei'' series. Outside of video games, the company is known for their ''Purikura'' arcade machines, which are selfie photo sticker booths popular 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. After the dissolution, the name Atlus continued as a brand used by Index Corporation for video game publishing until 2013, when it was bought by Sega and revived as a company initially un ... [...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 brand 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 and generally Sega Sammy, stylized as SᴇɢᴀSammy) is a Japanese holding company formed from the merger of Sega and Sammy Corporation in 2004. Both companies are involved in the amusement industry (Sega with arcade and video games, Sammy with pachinko machines). Corporate history 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'' which became a worldwide hit. In 1969, Sega Enterprises was acquired by U.S. conglomerate Gulf & Western Industries Inc. In 1983, Sega launched the Sega Computer Videogame SG-1000, the first 8-bit video game platform. In 1986, the CSK Group acquired Sega Enterprises through capital participation. Sega Europe Ltd. was established in Europe, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
