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By May 1973, the company had closed 22 stores and sold off its 12 retail drug stores just since the previous November. [ 13 ] After closing a number of stores, Parkview-GEM filed for Chapter 10 Bankruptcy protection in December 1973 due to its inability to paying its debts when they mature, creating a negative net worth of several million ...
The NGE was founded on May 20, 1961, at the old National Press Club located then at Abibu Oki in Lagos state by Alhaji Lateef Jakande (1929-2021) of the Nigerian Tribune was its first founding president and the likes of Babatunde Jose (1925-2008) of the Daily Times as the vice president, Abiodun Aloba (1921-2001) of the Morning Post as the secretary, and Nelson Ottah of the Drum as the ...
A mutual-benefit corporation can be non-profit or not-for-profit in the United States, but it cannot obtain IRS 501(c)(3) non-profit status as a charitable organization. [1] It is distinct in U.S. law from public-benefit nonprofit corporations, and religious corporations. Mutual benefit corporations must still file tax returns and pay income ...
In 2008, Thousand Trails, a company which owns membership campgrounds in the United States and Canada, claimed to operate "the world's largest network of private membership camping resorts." [ 1 ] It was merged with its principal competitor, NACO (National American Corporation) , another membership campground company, in 1991.
Network for Good is an American-certified B Corporation software company that offers fundraising software and coaching for charities and non-profit organizations. The company was founded in 2001 by America Online (AOL), Cisco Systems, and Yahoo! and has processed over $2.2 billion in donations since its inception.
To obtain a B Corporation certification, a company first completes an online assessment. Companies that earn a minimum score of 80 out of 200 points undergo an assessment review process, essentially a conference call verifying the claims made in their assessment. Companies are required to provide supporting documentation before they are certified.
[7] [11] The company stated that they have addressed operational challenges. [11] Criticism was also noted for perceived under-representation in diversity and in social and political engagement. [12] As of February 2023, Chief has opened physical clubhouses in New York, Los Angeles, Chicago, [8] San Francisco [13] and London, England. [14] [15]
For example, the fee for incorporating any non-stock or incorporating a stock corporation up to a small number of shares, say 40,000 might be $200, but a year later, at renewal, the renewal fee for a non-stock corporation would be $50, while the stock corporation would have a renewal fee of $50 plus a stock fee of perhaps another $200 or so.