{"id":37,"date":"2017-04-11T22:37:49","date_gmt":"2017-04-11T22:37:49","guid":{"rendered":"http:\/\/digitaltransactions.club\/nvcausa\/?page_id=37"},"modified":"2020-12-29T21:51:59","modified_gmt":"2020-12-29T21:51:59","slug":"public-corporations","status":"publish","type":"page","link":"https:\/\/nvcausa.com\/products\/new-corporations\/public-corporations\/","title":{"rendered":"Public Corporations"},"content":{"rendered":"\r\n
A company whose shares are publicly traded and are usually held by a large number of shareholders. Public Corporations can also be a government owned company such as an airline or public transit company. Public corporations are a corporate body created by an Act of government. The Act defines the power, duties, privileges and pattern of management for these organizations. A public corporate structure enjoys complete autonomy in management.<\/p>\r\n
Public Corporations are typically only used in situations where the incorporators are certain that they want the company to proceed to an IPO at a future date. Because of the many regulatory issues surrounding the implementation of Public Corporate structures, the possibility of using this type of entity should be closely examined and all of the potential issues and requirements understood prior to engaging this entity type.<\/p>\r\n
With recent changes to many of the laws governing corporations, the implementation of the Public Corporation. There is a very narrow set of cases where the use of a Public Corporation is considered the appropriate entity. Without the expectation of needing to raise capital by offering securities for sale and thereby engaging many regulatory requirements, the larger percentage of incorporators will want to implement a different entity structure for their company.<\/p>\r\n
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