Ad
related to: what is a holding corporation- S Corporations vs. LLCs
Learn the key differences between
an S corp & an LLC and get started.
- Check your business name
Before you start a business, make
sure the name isn't already in use.
- Compare Business Types
Compare Different Business Types
To See Which One Works for You.
- Business resource center
Here's what you need to start, run,
and legally protect your business.
- S Corporations vs. LLCs
Search results
Results From The WOW.Com Content Network
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. [1] A holding company usually does not produce goods or services itself. Its purpose is to own stock of other companies to form a corporate group .
Corporation; Holding company; Joint-stock; Partnership. General; Limited; Limited liability; ... A corporation or body corporate is an individual or a group of people
Citigroup is the holding company for Citibank, and the corporation has $1.7 trillion in assets and customers in more than 160 countries. Based in New York City, Citigroup was formed by the merger ...
A bank holding company is a company that controls one or more banks, but does not necessarily engage in banking itself. [1] The compound bancorp ( banc / bank + corp[oration] ) or bancorporation is often used to refer to such companies as well, particularly in the United States.
A corporate group, company group or business group, also formally known as a group of companies, is a collection of parent and subsidiary corporations that function as a single economic entity through a common source of control. These types of groups are often managed by an account manager.
The Bank Holding Company Act of 1956 (12 U.S.C. § 1841, et seq.) is a United States Act of Congress that regulates the actions of bank holding companies.. The original law (subsequently amended), specified that the Federal Reserve Board of Governors must approve the establishment of a bank holding company and that bank holding companies headquartered in one state are banned from acquiring a ...
Under the United States Bank Holding Company Act, financial and bank holding companies are regulated by the US Federal Reserve. [1] Companies whose elections to be treated as financial holding companies are effective include:
Sears Holdings Corporation was an American holding company headquartered in Hoffman Estates, Illinois. It was the parent company of the chain stores Kmart and Sears and was founded after the former purchased the latter in 2005. [ 7 ]