The U.S. Person owns, directly or indirectly, more than 50% of a corporation (vote or value), partnership (profits or capital) or other entity that owns the foreign financial account.
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What is interesting to note is the interdependence of financial institutions of varying credit quality and the importance that investors understand which entity actually controls the distribution of their capital.
Also hoping to lure foreign cash was Azman's colleague at AMC's sister entity Danamodal, which is tasked with injecting capital into Malaysian banks and pressing for efficiency-enhancing link-ups.
But with the current property loans crisis, Pin has had to find an entity to merge with Finance One and shore up its capital.
Rowe Price, Morgan Stanley Investment Management, Janus Capital Group and Bezos Expeditions, the personal investment entity of Amazon CEO Jeff Bezos.
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Zell raised some capital and merged Covanta with a Zell-controlled entity.
The establishment of a registered legal entity, and the investment of at least a small amount of capital, denotes a level of commitment and permanence that a rep office does not.
Regardless, if you have capital invested in your business, you'll need some sort of entity to avoid being unfairly nicked for that 2.9% Medicare tax on every penny you earn.
What the entity approach assumes is that the obligation of companies to a much broader range of suppliers of capital than the shareholders.
Janus Capital Management, LLC managed a mutual fund called Janus Investment Fund, a third, separate, legal entity.
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