The antagonists, WellPoint Health Networks and Anthem Inc., are profit-making, shareholder-owned corporations formed from parts of the original, nonprofit Blue Cross and Blue Shield network, a group born out of social need for affordable care during the Depression.
The measure dropped from the final version of the state budget would have authorized the establishment of "no more than two business corporations formed under the business corporation law, one of which shall be the operator of a hospital or hospitals in Kings County and one shall be elsewhere in the state".
In the aftermath, as a vehicle for handling diversity issues, some corporations formed or formalized employee "affinity groups" -- complete with bylaws and objectives -- that could meet on company property, often during the lunch hour, and would be given a small budget from the corporation.
Thus are billion dollar corporations formed.
Christopher B. Mead, a lawyer for Chapin, said in an e-mail responding to questions from Forbes that names were changed over the years rather than new corporations formed "as a matter of convenience," and that the many causes embraced were "an indication that he [Chapin] has dedicated his life to helping others when he believes he can contribute".
If your business is a corporation and you want to it to be classified as an S corporation (for special tax treatment), you will also need to file a second registration, Election by a Small Business Corporation, Form 2553, also available at www.irs.gov.gov
The worst was probably Chardan 2008 China Acquisition Corporation, formed to acquire a Chinese company.
Bank of America Corporation, banking and financial services corporation formed through NationsBank's acquisition of BankAmerica in 1998.
For News Corporation, forming a separate entertainment company could help with future acquisitions that require government approval.
Amtrak's moves will sharpen the debate over the railroad company, a government corporation formed in 1971.
