During this time, the Department of State will accept in person legal process served on the Secretary of State or Department of State as statutory agent of a corporation or other business entity, by appointment. Please note that Executive Order For service of process issues, including the scheduling of an appointment, please call so that arrangements can be made to effectuate service.

As noted, all walk in services are suspended until further notice. Customers are encouraged to use the online filing system available on the Department of State's website to form business corporations and limited liability companies.

All other services e.

8b. The Organization of the Bureaucracy

The Division examines, files, and maintains numerous documents vital to business and state government including state and local laws, oaths of office, trademarks, certificates of incorporation, and Uniform Commercial Code Article 9 financing statements. Your browser does not support iFrames. Please ask the guidance of an attorney where necessary. Do not call the Division to verify receipt of your filing or other service request. The large volume of filings and other service requests makes it impractical for Division staff to verify receipt.To assist Congress in its oversight activities, this report provides an overview of the government corporation as an administrative model.

As defined in this report, a government corporation is a government agency that is established by Congress to provide a market-oriented public service and to produce revenues that meet or approximate its expenditures.

By this definition, currently there are 17 government corporations. In the typical contemporary Congress, several bills are introduced to establish government corporations. At the time of publication of this report, two bills had been introduced in the th Congress to improve U.

Similarly, in the th Congress, government corporations bills included ones that would have created an Indian Development Finance Corporation H. The government corporation model has been utilized by the federal government for over a century. The federal government does not possess a general incorporation statute as states do. Each government corporation is chartered through an act of Congress.

The use of separate acts to charter each corporation has resulted in wide variance in the legal and organizational structure of government corporations. That said, the Government Corporation Control Act ofas amended, does provide for the standardized budget, auditing, debt management, and depository practices for those corporations listed in the act.

Within the executive branch, no one agency is responsible for the oversight and supervision of government corporations. Neither the House nor the Senate have single committees with the responsibility to oversee all government corporations.

Instead, each corporation is overseen by the committee s with jurisdiction over its policy area. Many government corporations, such as the Tennessee Valley Authority, have been established to exist in perpetuity.

Other government corporations, such as the U. Enrichment Corporation, though, have been designed to serve as transition vehicles to transform from governmental entities into private firms.

Congress at times has found the government corporation an attractive governance option. A well-designed and -operated government corporation does not require annual appropriations because it generates revenues from the provision of goods and services.

Moreover, each government corporation may be endowed with the administrative flexibilities required to accomplish its goals while remaining responsive to Congress and the President.

List of government-owned companies

Finally, as noted above, the government corporation may be established to serve an enduring purpose or may serve as a vehicle for privatization. Today's government corporations cover the spectrum in size and function from large, well-known entities, such as the U. The federal government has employed government corporations to achieve policy goals for over a century.

Among Members of Congress, the executive branch, and the scholarly community, interest in the government corporation option, and variations on this class of agency, has increased in recent decades.

At least three factors may contribute to the interest in government corporations. First, the restrictive character of the federal budget encourages agencies to develop new sources of revenue e.Learn something new every day More Info A government corporation is a company or business that is owned, in part or full, by a national government.

Sometimes the government connection is obvious, but not always. A lot depends on how the company was structured and why. Companies tend to be classified in one of three ways: they are wholly owned, partially owned, or privately owned. There are a number of reasons why governments want to be involved in the life of the commerce sector. Sometimes government-owned corporations are created in order to streamline certain national activities, or to provide more or less consistent support for certain industries.

Allowing corporations to operate in the private sector but with oversight and influence from higher up often provides the most benefits when it comes to innovation, profitability, and success. If the national government sets out the purposes, powers and obligations of a government corporations, they will also usually specify incorporators.

A government corporation is typically labeled as wholly owned, mixed-ownership, or private, depending in large part on how it is structured. Wholly owned corporations will generally produce percent equity for the government.

government corporations

Mixed-ownership corporations are those in which the government owns some of the equity in the company, but some is also left to other investors.

The charter typically mandates that the president, prime minister, or other leader will appoint at least a small portion of the directors, often correlating to the percentage of equity owned.

Private corporations are often something of a special circumstance. Some of the most easily understood government corporations were designed and conceived with government involvement in mind, usually as a means of providing some service to the public.

The Canadian Broadcasting Corporation, for instance, is one of the largest and most well known companies owned by the Canadian government. The corporation acts as an independent company insofar as it has freedom to decide which programming to offer and which staff to hire, but receives the majority of its funding from the national treasury. The United States also has many examples. The EPA is a similar corporation, but does not garner quite the same political independence as the other two.

The U. The United States government viewed these corporations as vital to the national economy, and provided funding in exchange for a stake in their future. Not all conversions are so amicable. There have also been situations in which governments take over private sector industries, usually in order to control the information they are disseminating or to harness their efficiencies for some larger national purpose.

In China, for example, most private companies are fully owned by the Chinese national government. This gives that government enormous control over the marketplace. My uncle works there, and if a holiday gets any sort of mention on a calendar, they get to take it off, it seems.

I get why the federal government deems them important, but most other employees don't get these days off. Also, it irks me that I don't get my mail delivered on these days.Even the experts can't agree on the total number of federal government agencies, commissions, and departments. Most estimates suggest there are probably more than 2, of these. They each have an area of specialization — some much broader than others — but their duties often overlap, making administration more difficult.

government corporations

To complicate things even more, many agencies have counterparts at the state and local level. Its size, complexity, and overlapping responsibilities leave the federal bureaucracy open to constant attempts to reorganize and streamline.

Congress has the power to create, organize, and disband all federal agencies. Most of them are under the control of the President, although few of them actually have direct contact with the White House. So, the bureaucracy has two masters — Congress and the President. The bureaucracy generally falls into four broad types: Cabinet departments, government corporations, independent agencies, and regulatory commissions.

The 15 Cabinet departments are each headed by a Secretary who sits on the President's Cabinet. The exception is the Justice Department, which is headed by the Attorney General, who is also a member of the President's Cabinet.

The Secretaries are responsible for directing the department's policy and for overseeing its operation.

government corporations

Cabinet secretaries are usually torn between their responsibilities as presidential advisers and heads of their departments. Each has a special area of policy, although their responsibilities are still very broad. The organization of each is quite complex, but they have some things in common. All Secretaries have a Deputy or Undersecretary, as well as a host of Assistant Secretaries, who all direct major programs within the department.

Most departments are divided into bureaus, divisions, and sections. For example, the FBI lies within the domain of the Justice Department, and the Secret Service is currently within the Treasury Departmeny agency, but soon to be moved under the auspices of the Department of Homeland Security.

Government corporations do not belong to any department — they stand on their own. They are different from other agencies in that they are businesses created by Congress, and they charge fees for their services.

Like any other business, government corporations have private competition — such as Federal Express and United Parcel Service — and sometimes state competition — such as the New Jersey Transit Authority. Independent agencies closely resemble Cabinet departments, but they are smaller and less complex.

Generally, they have narrower areas of responsibility than do Cabinet departments. Most of these agencies are not free from presidential control and are independent only in the sense that they are not part of a department. Congress creates them as separate agencies for many reasons, practical as well as symbolic. However, it is an independent agency because the space program has many other purposes than the defense of the nation.

These agencies regulate important parts of the economy, making rules for large industries and businesses that affect the interests of the public. Because regulatory commissions are "watchdogs" that by their very nature need to operate independently, they are not part of a department, and the President does not directly control most of them.

Committee on Government Corporations and Public Enterprises (December 17, 2018)

Each commission has from 5 to 11 members appointed by the President, but the President cannot remove them for the length of their terms in office. Examples of these commissions are the Securities and Exchange Commission, which regulates the stock market, brokers, and investment practices. Another well-known commission is the Federal Reserve Board that governs the nation's monetary policy. The Environmental Protection Agency serves as a guardian over the nation's environment, making and enforcing standards for the industrial and commercial sectors.

With over 2, different agencies, the federal bureaucracy is almost certain to run into problems with organization, overlapping responsibilities, and efficiency. Almost every recent President has come into office determined to refashion and trim the bureaucracy. However, none has been able to make more than minor adjustments.

Well-established agencies have lives of their own, and are difficult to change. Besides, the country has large, complex, needs requiring special attention. A large bureaucracy is a part of the government's attempt to meet those needs. Report broken link. American Government 1.If we can't tunnel through the Earth, how do we know what's at its center?

A lady introduce her husband's name with saying by which can stop or move train what is that name.

What Are Some Examples of Government Corporations?

Give points yo advocate thst biology is linked with physics chemistry mathsmatics geography. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.

Hottest Questions. Previously Viewed. Unanswered Questions. Small Business and Entrepreneurship. Business Accounting and Bookkeeping. International Government. Wiki User Related Questions Asked in Small Business and Entrepreneurship Government corporations can be described as which of the following? The government doesn't have corporations. The functions of government corporations are mainly to avail government services to citizens. Most major cities will have offices to such corporations.

Asked in Small Business and Entrepreneurship, Business Accounting and Bookkeeping, International Government Government corporations and private corporations are different in all what ways except? Asked in Politics and Government What can government corporations be described as?

There are multiple definitions and implications behind full and or partial state ownership of businesses. These are often described as state owned enterprises which regards them having a total or controlling interest in the company. Asked in Politics and Government, Economics What is one difference between government corporations and government contractors?

Government corporations are in the public sector while government contractors are in the private sector. Hugh J. Mullington has written: 'The federal government as an entrepreneur, the Canadian experience' -- subject s : Corporations, Corporations, Government, Government Corporations. Asked in Small Business and Entrepreneurship Who wanted to place strict government controls on corporations?

Woodrow Wilson wanted to place strict government controls on corporations.The War Assets Corporation was dissolved as soon as practicable after March 25, This amends 2 because the National Consumer Cooperative Bank is no longer a mixed-ownership Government corporation.

Section 36 of the Act of December 23, Pub. I to K as H to Jrespectively, and struck out former subpar. K and O which read as follows:. B to L as A to Krespectively, and struck out former subpar. K to M as J to Lrespectively, and struck out former subpar. Nrelating to Uranium Enrichment Corporation, as O. N as added by section b of Pub. B and redesignated former subpars. B to M as C to Nrespectively. N relating to the Uranium Enrichment Corporation.

Tax Information For Corporations

K which had already been struck out by Pub. See Amendment note below. K relating to National Consumer Cooperative Bank. Amendment by Pub. Amendment effective Sept. This chapter is popularly known as the Government Corporation Control Act. That act was primarily repealed and restated in chapter 91 of this title by Pub. For complete classification of act Dec.

For disposition of sections of former Title 31 to this title, see Disposition Table preceding section of this title. Pennsylvania Avenue Development Corporation dissolved on or before Apr. For provisions relating to certain bonuses paid by mixed-ownership and wholly owned corporations listed in pars. Please help us improve our site! No thank you. LII U. Code Title Code Notes prev next.

B the Federal Deposit Insurance Corporation. C the Federal Home Loan Banks. D the Federal Intermediate Credit Banks. E the Federal Land Banks. G the Regional Banks for Cooperatives.This is a world-wide list of government-owned companies.

This list can be considered as non-exhaustive because of lack of space and time. For example, China alone has in the wikipedia database as of October more than individual entries in its "Government-owned companies of China" Category page.

The paragraph that follows was paraphrased from a GAO report which investigated only the 20th-century American experience. The GAO report did not consider the potential use in the international forum of SOEs as extensions of a nation's foreign policy utensils. A government-owned corporation is a legal entity that undertakes commercial activities on behalf of an owner government. Their legal status varies from being a part of government to stock companies with a state as a regular stockholder.

There is no standard definition of a government-owned corporation GOC or state-owned enterprise SOEalthough the two terms can be used interchangeably. The defining characteristics are that they have a distinct legal form and that they are established to operate in commercial affairs. While they may also have public policy objectives, GOCs should be differentiated from other forms of government agencies or state entities established to pursue purely non-financial objectives.

By presidential decree, the APPF is mandated to replace all non-diplomatic private security companies by 20 March to become the sole provider of pay-for-service security contracts within Afghanistan. The public enterprises are subdivided into two categories: individual — with its own assets and capital owned by the Union — and plural companies — whose assets are owned by multiple government agencies and the Union, which have the majority of the voting interest.

Mixed-economy companies are enterprises with the majority of stocks owned by the government, but that also have stocks owned by the private sector and usually have their shares traded on stock exchanges. Banco do BrasilPetrobrasSabespand Eletrobras are examples of mixed-economy companies. Beginning in the s, the central government of Brazil launched a privatization program inspired by the Washington Consensus.

In Canadastate-owned corporations are referred to as Crown corporationsindicating that an organization is established by law, owned by the sovereign either in right of Canada or a provinceand overseen by parliament and cabinet.

Examples of federal Crown corporations include:. Ministers of the Crown often control the shares in such public corporations, while parliament both sets out the laws that create and bind Crown corporations and sets their annual budgets.

government corporations

Foreign SOEs are welcome to invest in Canada: in fallBritish Columbia [5] [6] and Alberta [7] [8] [9] signed agreements overseas to promote foreign direct investment in Canada. The Investment Canada Act governs this area federally. Privatization, or the selling of Crown corporations to private interests, has become common throughout Canada over the past 30 years. Afterall business entities in the People's Republic of China were created and owned by the government.

In the late s, the government began to reform the state-owned enterprise, and during the s and s, many mid-sized and small sized state-owned enterprises were privatized and went public. There are a number of different corporate forms which result in a mixture of public and private capital.

In PRC terminology, a state-owned enterprise refers to a particular corporate form, which is increasingly being replaced by the listed company. However, some state-owned enterprise were governed by China Investment Corporation and its domestic arm Central Huijin Investmentas well as under the governance of Ministry of Education for the university-run enterprises, or some financial institutes that were under the governance of the Ministry of Finance.

Critics, such as The New York Timeshave alleged that China's state-owned companies are a vehicle for corruption by the families of ruling party leaders who have sometimes amassed fortunes while managing them. In the postwar years, Hong Kong's colonial government operated under a laissez-faire economic philosophy called positive non-interventionism.

Hence Crown corporations did not play as significant a role in the development of the territory as in many other British territories.

Examples of present-day statutory bodies include the Airport Authorityresponsible for running the Hong Kong International Airportor the Housing Authoritywhich provides housing to about half of Hong Kong residents.

These companies are owned by the Union Governmentor one of the many state or territorial governmentsor both. The company equity needs to be majority owned by the government to be a PSU. Companies owned by the Ministry of Economy and Finances :. Japan Post was reorganized into Japan Post Group in as a material step of the postal privatization.

The Electric Power Development Co. Parastatals in Kenya, partly from a lack of expertise and endemic corruption, have largely inhibited economic development. Ina presidential commission went as far as saying that they constituted "a serious threat to the economy", and, bythey had still not furthered industrialization or fostered the development of a Black business class.

Several Kenyan SOEs have been privatized since the s, with mixed results. There are many state-owned enterprises in South Korea.