The Australian Business Register (ABR) is a comprehensive database that contains information about businesses and organizations operating in Australia. 

The ABR serves as a central repository for business information, primarily used to:
1. Issue and manage Australian Business Numbers (ABNs)[1]
2. Provide a public lookup service for business information[4]
3. Facilitate business interactions with government agencies and other businesses[1]

The ABR is responsible for issuing ABNs, which are unique 11-digit identifiers for businesses[1]. These numbers are crucial for various business operations, including:
- Verifying business identity when ordering and invoicing
- Avoiding pay as you go (PAYG) tax on payments
- Claiming goods and services tax (GST) credits
- Obtaining an Australian (.au) domain name[1]

Through ABN Lookup, the ABR provides free public access to certain business information[4]. This service allows anyone to:
- Verify a business's ABN
- Check supplier details
- Access publicly available information provided by businesses during registration[4]

The ABR is integrated with other government services, allowing businesses to:
- Register for various tax obligations (e.g., GST, PAYG withholding)
- Apply for tax file numbers (TFNs)
- Update business details across multiple government agencies[3]

Businesses can register for an ABN and manage their details through:
1. The Business Registration Service, which offers a streamlined process for new businesses[2]
2. The Australian Taxation Office (ATO) website, which manages the ABR[1]

The ABR is evolving to meet changing business needs. For instance, trading names will no longer be displayed on ABN Lookup after October 31, 2025, encouraging businesses to register formal business names with the Australian Securities and Investments Commission[4].

https://www.abr.gov.au/

Citations:
[1] https://business.gov.au/registrations/register-for-an-australian-business-number-abn 
[2] https://register.business.gov.au 
[3] https://www.ato.gov.au/tax-and-super-professionals/digital-services/australian-business-register 
[4] https://abr.business.gov.au 
[5] https://www.abrs.gov.au 

Accounting and Corporate Regulatory Authority - The Accounting and Corporate Regulatory Authority is a statutory board under the Ministry of Finance of the Government of Singapore. ACRA is the regulator of business registration, financial reporting, public accountants and corporate service providers.

https://www.acra.gov.sg/ 

The Association of Company Registration Agents  is a professional organization in the United Kingdom dedicated to promoting high standards among company registration agents. It serves as an open forum for those involved in the company registration industry and works closely with various government departments, including Companies House, HM Treasury, the Department for Trade & Industry, and HMRC. 

https://acra-uk.org/ 

Abu Dhabi Global Market (ADGM) is an international financial center located in Abu Dhabi, the capital of the United Arab Emirates. Established in 2015, ADGM serves as a catalyst for economic growth and diversification in Abu Dhabi[1][3].

- ADGM operates as a financial free zone with its own set of civil and commercial laws based on English common law[1][4].
- It covers an area of 14.38 million square meters across Al Maryah Island and Al Reem Island, making it one of the largest financial districts in the world[3].
- ADGM has three independent authorities: the Registration Authority, the Financial Services Regulatory Authority (FSRA), and the ADGM Courts[4].
- ADGM provides a robust regulatory environment through its Financial Services Regulatory Authority (FSRA)[1].
- It offers various types of licenses including Financial Services, Professional Services, and Commercial Licenses[1].
- The regulatory framework includes regulations on companies, financial services, employment, data protection, and real property[1].

https://www.adgm.com

Citations:
[1] https://wired.me/business/abu-dhabi-global-market/

[2] https://waifc.finance/profiles/abu-dhabi-global-market/ 
[3] https://www.adgm.com/about/overview 
[4] https://www.adgm.com/legal-framework 

Agentic AI is a type of artificial intelligence (AI) that can make decisions and take actions independently, without requiring constant human intervention. Agentic AI systems can adapt to new information, learn from their environment, and solve complex problems based on their goals and the current situation.

The Agency of the Republic of Slovenia for Public Legal Records and Related Services, commonly known as AJPES (Agencija Republike Slovenije za javnopravne evidence in storitve), is a key government agency in Slovenia responsible for managing various public records and providing related services. Here are some important details about AJPES:

AJPES was established in 2002 and is headquartered in Ljubljana, Slovenia[4]. The agency consists of 13 organizational units, with a branched network that serves both information providers and users[5]. It is led by a director, currently Tomaž Klemenc, and overseen by a council with five members[4].

AJPES has several crucial functions in the Slovenian business and administrative landscape:

1. Slovenian Business Register: AJPES manages the central public database of all business entities in Slovenia, including companies, sole traders, legal entities, and subsidiaries of foreign businesses[1][3].

2. Annual Reports: The agency publishes annual reports of companies, cooperatives, and sole proprietors through its JOLP (Public posting of annual reports) system[2][3].

3. European Business Register: AJPES provides access to the European Business Register, facilitating access to data on business entities from other EBR member countries[3].

4. Credit Rating Reports: The agency offers credit rating reports (eS.BON) for a nominal fee[2].


https://www.ajpes.si/?language=english

Citations:
[1] https://e-justice.europa.eu/106/EN/business_registers_in_eu_countries?member=1 
[2] https://chwmeg.org/asp/financial/slovenia.pdf 
[3] https://www.ajpes.si/?language=english 
[4] https://www.ajpes.eu/About_AJPES/Info 
[5] https://www.ajpes.eu/About_AJPES 

Anti-Money Laundering (AML) refers to a set of policies, laws, regulations, and procedures designed to prevent, detect, and report financial crimes, particularly money laundering activities[1][2]. The primary goal of AML is to stop criminals from disguising illegally obtained funds as legitimate income[4].

Key Components of AML
Financial institutions and other regulated entities are required to implement specific AML measures, including:
- Customer Due Diligence (CDD): Verifying customer identities and maintaining accurate records of transactions[4].
- Know Your Customer (KYC): Implementing strong methods to verify and check customers against sanctions and watchlists[2].
- Transaction Monitoring: Using software filters and mechanisms to screen transactions for suspicious activities[2].
- Reporting: Filing Suspicious Activity Reports (SARs) when potential money laundering is detected[4].

Regulatory Framework
AML efforts are guided by both national and international regulations:
- In the United States, key legislation includes the Bank Secrecy Act (BSA) and the USA PATRIOT Act[4].
- Globally, organizations like the Financial Action Task Force (FATF) provide frameworks for AML and Combating the Financing of Terrorism (CFT) regulations[4].

Importance of AML
AML compliance is crucial for several reasons:
1. Preventing Financial Crime: It helps combat a wide range of illegal activities, including drug trafficking, terrorism financing, and corruption[2].
2. Maintaining Financial System Integrity: AML measures protect the stability and reputation of the global financial system[5].
3. Legal Compliance: Financial institutions must adhere to AML regulations to avoid hefty fines and legal consequences[2].

AML in Practice
Financial institutions employ various techniques to implement AML:
- Risk Assessments: Evaluating potential money laundering risks associated with customers and transactions[2].
- Ongoing Monitoring: Continuously reviewing customer activities and transactions for suspicious patterns[4].
- Staff Training: Educating employees on AML procedures and how to identify potential money laundering activities[1].
- Advanced Analytics: Utilizing artificial intelligence and machine learning to enhance detection of sophisticated financial crimes[5].


Citations:
[1] https://en.wikipedia.org/wiki/Anti%E2%80%93money_laundering 
[2] https://www.sanctionscanner.com/knowledge-base/anti-money-laundering-aml-49 
[3] https://www.innovatrics.com/glossary/anti-money-laundering-aml/ 
[4] https://www.investopedia.com/terms/a/aml.asp 
[5] https://www.sas.com/en_nz/insights/fraud/anti-money-laundering.html 

The Australian Securities and Investments Commission (ASIC) is the primary regulator of Australia's corporate, markets, and financial services sectors. It is an independent Australian Government body established under the Australian Securities and Investments Commission Act 2001 (ASIC Act).  The companies register in Australia is operated by ASIC.

ASIC administers and enforces the Corporations Act, which is the key piece of legislation governing Australian companies. ASIC is responsible for regulating the conduct of Australian companies, financial markets, financial services organizations, and professionals dealing with investments, superannuation, insurance, deposit-taking, and credit.

ASIC maintains registers that provide information about companies and organizations, including their names, unique identification numbers (such as ABN, ACN, ARBN), types, registration dates, and locations of registered offices.

These registers are accessible to the public for searching company details and purchasing extracts that contain current or historical information about the organizations.

https://asic.gov.au/ 

The Association of Registrars of Latin America and the Caribbean (ASORLAC) is a non-profit organization with a primary focus on promoting and facilitating the exchange of information about registry systems among its member countries[1][2]. This association serves several important functions:

Key Objectives

1. Information Exchange: ASORLAC acts as a platform for sharing knowledge and experiences related to registry systems across Latin America and the Caribbean[1].

2. Best Practices Forum: It provides a space for members to discuss and share best registry practices, helping to improve registry operations throughout the region[1].

3. International Liaison: ASORLAC serves as an intermediary between Latin American and Caribbean countries and the Corporate Registers Forum (CRF), fostering international collaboration[1].

Focus Areas

- Promotion of Roles and Responsibilities: The association works to highlight and advance the roles and responsibilities of its members in the registry sector[1].

- Management Models: ASORLAC promotes various management models used in registry systems[1].

- Technological Advancements: It emphasizes the importance of technologies used in registration processes to keep up with international trends and changes[1].

Collaboration and Problem-Solving

ASORLAC encourages collaboration, cooperation, and discussion among its members, particularly on issues related to public registry administration. This collaborative approach aims to identify and overcome obstacles that may hinder efficient and effective registry management, with a special focus on challenges affecting information exchange[1].

By fostering these connections and facilitating knowledge sharing, ASORLAC plays a crucial role in improving registry systems across Latin America and the Caribbean, ultimately contributing to more efficient and effective public administration in the region. 

https://www.ccb.org.co/en/registry-services/register/association-latin-america-and-caribbean-registrars 
 
Citations:
[1] https://ibrr.net/about/asorlac 
[2] https://www.ccb.org.co/en/registry-services/register/association-latin-america-and-caribbean-registrars 

The Australian Taxation Office (ATO) is the principal revenue collection agency for the Australian Government[1][2][4]. 

The ATO's main responsibilities include:- Administering the Australian federal taxation system and superannuation legislation[1]
- Collecting revenue, including income tax, goods and services tax (GST), and other federal taxes[1][2]
- Administering the goods and services tax (GST) on behalf of Australian states and territories[2]
- Managing the Australian Business Register[1]
- Overseeing major aspects of Australia's superannuation system[2]
- Administering programs that provide transfers and benefits to the community[2]

The ATO is led by the Commissioner of Taxation, who is responsible for the general administration of the tax system[1]. The organization is structured into five main groups:
- Client Engagement
- Law Design and Practice
- Service Delivery and Business Reporting and Registrations
- Enterprise Solutions and Technology
- Enterprise Strategy and Corporate Operations

Each group is led by senior executives who form part of the ATO Executive Committee[1].

The ATO operates within the Treasury portfolio and works closely with the Treasury department[1][3]. While the Treasury is responsible for tax policy development, the ATO is responsible for implementing and administering tax laws[3].

https://www.ato.gov.au 

Citations:
[1] https://en.wikipedia.org/wiki/Australian_Taxation_Office 
[2] https://www.ato.gov.au/about-ato/who-we-are 
[3] https://www.ato.gov.au/about-ato/new-legislation/ato-and-treasury-roles 

Business Ready (B-READY) is a new flagship report and benchmarking tool developed by the World Bank Group to assess the business environment and investment climate in economies worldwide[1][2]. It replaces and improves upon the previous Doing Business project, providing a more comprehensive and balanced analysis of factors that strengthen the private sector[2][3].

Key aspects of B-READY include:

1. Scope: The report evaluates regulatory frameworks, public services, and operational efficiency directed at firms[1][2].

2. Analytical Framework: B-READY is based on three fundamental pillars:
   - Regulatory Framework
   - Public Services
   - Operational Efficiency[2][3]

3. Topics Covered: The analysis centers on 10 essential topics for private sector development, corresponding to various stages of a firm's life cycle[2]. These include market entry, company location, utility services, employment, financial services, international trade, taxation, dispute resolution, market competition, and corporate insolvency[3].

4. Cross-cutting Themes: The report also addresses three cross-cutting themes relevant to modern economies:
   - Digital adoption
   - Environmental sustainability
   - Gender[2]

5. Data Collection: B-READY utilizes two main data collection approaches:
   - Expert consultations
   - Firm-level surveys[4]

6. Coverage: The 2024 report will cover 50 economies, with plans to expand to 180 economies by 2026[3].

7. Objectives: The report aims to provide actionable evidence to promote reforms for a stronger private sector, benefiting not only businesses but also workers, consumers, potential new enterprises, and the natural environment[1][2].

8. Launch Date: The first B-READY report launched on October 3, 2024[1].

Citations:
[1] https://www.worldbank.org/en/businessready 
[2] https://openknowledge.worldbank.org/entities/publication/717d6abc-91cc-4a0b-9f5a-6f59e4b626bb 
[3] https://salt.ceg.es/en/business-ready-report-2024-b-ready/ 
[4] https://www.digitalpolicy.gov.hk/en/our_work/digital_government/business_facilitation/business_ready/ 
[5] https://worldinvestmentforum.unctad.org/session/b-ready-understanding-world-banks-new-business-readiness-assessment

Beneficial ownership registers reveal how companies and other legal entities or arrangements, such as trusts, are owned and controlled by their beneficial owners. A public real-time, web-based beneficial ownership register records, reports and manages beneficial owners, increasing transparency in business transactions. 

Making more of this information available to those who can use it effectively through a Register of Beneficial Ownership helps solve issues around corporate accountability and illicit financial flows. Registers of Beneficial Ownerships are gaining momentum globally, with over 100 countries committed to implementing reforms. 

A registry that tracks and records the true ownership of assets or entities, identifying individuals who ultimately own, control, or benefit from them.

A beneficial ownership register records information about the ultimate owners or controllers of companies and other legal entities.

The primary purposes of establishing beneficial ownership registers are:
- To deter money laundering and terrorist financing[1][4]
- To help enforce sanctions and unveil secret corporate ownership[4]
- To increase transparency and accountability in business ownership structures[1][2]
- To assist law enforcement in investigations and prosecutions[2]
- To support tax authorities in detecting tax evasion[2]

Typical features of beneficial ownership registers include:
- Recording details of individuals who ultimately own or control 25% or more of a company[1][5]
- Identifying "persons with significant control" over a company[1]
- Requiring companies to submit and update beneficial ownership information[7]
- Allowing searches for beneficial owners by name or other identifiers[8]
- Maintaining historical records of ownership changes[8]

Citations:
[1] https://www.diligent.com/resources/blog/what-register-beneficial-ownership 
[2] https://www.mbie.govt.nz/dmsdocument/5864-tinz-increasing-transparency-of-beneficial-ownership-of-nz-companies-and-limited-partnerships-submission-pdf 
[3] https://eiti.org/sites/default/files/2022-09/Zambia%20Beneficial%20Ownership%20Infographic.pdf 
[4] https://www.nrdcompanies.com/insights/the-importance-of-beneficiary-registries-in-fighting-money-laundering-and-terrorist-financing/ 
[5] https://www.investopedia.com/terms/b/beneficialowner.asp 
[6] https://www.u4.no/publications/the-uses-and-impact-of-beneficial-ownership-information 
[7] https://www.centralbank.ie/regulation/anti-money-laundering-and-countering-the-financing-of-terrorism/beneficial-ownership-register/about-the-register-and-faqs 
[8] https://www.nortonrosefulbright.com/en/knowledge/publications/abe55ea5/beneficial-ownership-registers-regulation-around-the-world 
[9] https://www.fostermoore.com/news/beneficial-ownership-guide 

The Beneficial Ownership Data Standard (BODS) is a common data format designed to enhance transparency in corporate governance by providing structured information about the ownership and control of companies and other organizations. Here's a comprehensive overview of BODS:

BODS serves several critical functions:
1. It creates a standardized way to collect, use, exchange, and publish beneficial ownership information[1][3].
2. It increases transparency regarding who owns, controls, or benefits from companies and other organizations[3].
3. It supports efforts to combat corruption, money laundering, and financial crimes by making ownership structures more visible[1][2].

Data Standardization: BODS defines a consistent format for beneficial ownership data, ensuring interoperability across different registers and jurisdictions[2].
Machine-Readability: The standard enables the publication of beneficial ownership data in a structured, machine-readable format, facilitating analysis and information sharing[1][3].
Global Applicability: BODS is designed to be used internationally, allowing for a comprehensive global picture of beneficial ownership[2].

BODS can be utilized in various ways:
1. Creating registers of beneficial ownership data
2. Checking and reviewing data using dedicated tools
3. Storing machine-readable beneficial ownership data for analysis
4. Sharing data between government organizations
5. Publishing beneficial ownership information[1][3]

BODS is developed by Open Ownership, a non-profit organization supported by the Data Standard Working Group[1][3]. The standard is continuously evolving, with updates and improvements made based on feedback and emerging needs.

Implementing BODS involves:
1. Ensuring interoperability across registers
2. Standardizing data reporting
3. Providing appropriate access to information
4. Balancing transparency with privacy and security concerns[2]

Benefits
For Government:
- Supports anti-money laundering efforts
- Enhances procurement integrity
- Aids in fraud investigation and national security risk assessment[3]

For Business:
- Creates a level playing field
- Builds trust and enhances governance[2]

For Global Transparency:
- Facilitates cross-border investigations
- Provides a comprehensive view of global ownership structures[2]

Adoption
In the UK, BODS has been endorsed by the Open Standards Board and the Data Standards Authority's Steering Board for use across government[1]. It aligns with the UK government's commitment to publish beneficial ownership data in a structured, machine-readable format[3].

Foster Moore Beneficial Ownership Register solutions are built to this Beneficial Ownership Data Standard.

https://standard.openownership.org/en/0.4.0/ 

Citations:
[1] https://dataingovernment.blog.gov.uk/2022/03/31/using-the-beneficial-ownership-data-standard-to-support-the-economic-crime-bill/ 
[2] https://www.fostermoore.com/news/beneficial-ownership-guide 
[3] https://www.gov.uk/government/publications/open-standards-for-government/collect-use-and-exchange-beneficial-ownership-information 

BIFIDEX (Business and Financial Data Exchange) is a service delivery platform that operates as an online regional business registration portal for the Western Balkans[2][5].

This initiative was created to improve transparency, access to information, and the investment climate in the region[2].

BIFIDEX serves as a one-stop information point for businesses and investors, providing up-to-date information from national business registry agencies[2]. The platform allows users to search for companies based on specific criteria such as sector, geographical location, and other predefined parameters[2].

The database currently includes information on over 500,000 companies, offering details about:
- Company ownership
- Governance
- Financial reports
- Organizational changes

 Regional Collaboration
BIFIDEX was initially created through a collaboration between the Serbian Business Registers Agency and the Central Register of the Republic of North Macedonia[2]. It is expected that more Western Balkans countries will join the registry in the future, expanding its coverage and utility[2].

The European Bank for Reconstruction and Development (EBRD) has been supporting the development of BIFIDEX as part of its Investment Climate and Governance Initiative[2]. The EBRD continues to support the expansion of the initiative and the integration of other Western Balkan business registries into BIFIDEX[2].

https://www.bifidex.com/en 

Citations:
[1] https://www.financialdataexchange.org/FDX/FDX/About/About-FDX.aspx?a315d1c24e44=8 
[2] https://www.ebrd.com/news/2019/western-balkans-regional-business-registry-goes-online-.html 
[3] https://www.fostermoore.com/news/information-sharing-across-international-registers 
[4] https://www.bifidex.com/en/about 
[5] https://www.ceelegalmatters.com/briefings/11371-regional-business-registers-portal-bifidex-starting-to-operate 

The Beneficial Ownership Registers Interconnection System (BORIS) is a system established by the European Union to interconnect national registers of beneficial ownership across EU Member States, as well as Iceland, Liechtenstein, and Norway. This system is part of the EU's efforts to enhance transparency and combat money laundering and terrorist financing, as mandated by Directive (EU) 2015/849 and its amendment, Directive (EU) 2018/843[1][2].
 
BORIS allows authorized users to access information about the beneficial owners of companies, legal entities, trusts, or legal arrangements that are registered in the participating countries' national registers. Users can search for beneficial ownership information using entity names or registration numbers. The system provides a list of results that match the search criteria, and users can select and download the necessary documents[1].
 

https://e-justice.europa.eu/38590/FR/beneficial_ownership_registers_interconnection_system_boris?action=maximize&clang=en&idSubpage=1 
 
Citations:
[1] https://e-justice.europa.eu/38590/FR/beneficial_ownership_registers_interconnection_system_boris?action=maximize&clang=en&idSubpage=1 
[2] https://www.openownership.org/en/blog/the-value-of-connecting-beneficial-ownership-data-across-the-european-union/ 

Brønnøysund Register Centre (Brønnøysundregistrene in Norwegian) is a Norwegian government agency responsible for managing numerous public registers and digital information exchange systems for Norway[1]. 

The Brønnøysund Register Centre is a government body under the Ministry of Trade, Industry and Fisheries[5]. Its primary mission is to provide order and overview of information on financial issues, ownership, and liability in businesses[2]. The agency develops and operates many of Norway's most important registers and electronic solutions, with the goal of simplifying and innovating through collaboration and data sharing[2].

1. Register Management: The centre manages 17 national registers on behalf of nine ministries[4]. These include:
   - Register of Business Enterprises
   - Central Coordinating Register for Legal Entities
   - Register of Bankruptcies
   - Register of Company Accounts
   - Register of Mortgaged Movable Property

2. Digital Information Exchange: The agency is responsible for governmental systems that facilitate digital exchange of information[1].

3. Data Standardization: It maintains the Norwegian metadata repository SERES and ELMER, a standard for designing web forms[1].

4. Open Data Support: The centre plays a crucial role in Norway's open data strategy, making non-sensitive or anonymized data available for public and private use[6].

The Brønnøysund Register Centre is named after and located in the town of Brønnøysund in Nordland county[1]. It is a subsidiary of the Norwegian Ministry of Trade and Industry[1].

https://www.brreg.no/en 

Citations:
[1] https://en.wikipedia.org/wiki/Br%C3%B8nn%C3%B8ysund_Register_Centre 
[2] https://www.brreg.no/en/about-us-2/our-mission/ 
[3] https://www.hvl.no/en/library/find-databases-and-other-resources/bronnoysund-register-centre/ 
[4] https://www.ebsi-vector.eu/en/partner/the-bronnoysund-register-centre-brc/ 
[5] https://www.regjeringen.no/en/dep/nfd/organisation/etater-og-virksomheter-under-narings--og-fiskeridepartementet/Subordinate-agencies-and-institutions/the-bronnoysund-register-centre/id426429/ 

The Business Registry Insights Survey is an international, collaborative project of the four main business registry associations: ASORLAC (Latin America and the Caribbean), CRF (Asia-Pacific, the world), EBRA (Europe) and IACA (North America). The project collects registry data to build a unique database of international business registry information. Using the data, you can analyse the number of companies registered across the world, see how many companies are terminated each year, watch fluctuations in incorporations over the years and identify trends.

https://ibrr.net/ 

The Business Registers Interconnection System (BRIS) is an EU initiative designed to interconnect the central, commercial, and companies registers across the European Union, as well as in Iceland, Liechtenstein, and Norway. This system was established to improve cross-border access to business information about companies and their branches in different member states[1][2].
 
Key Features of BRIS
 
- Interconnectivity: BRIS enables electronic communication between national business registers, facilitating the exchange of data on companies, including information on cross-border mergers and branches with registered offices in other EU countries[2][3].
   
- Standardization and Automation: The system standardizes the content and technology used for data exchange, which simplifies and automates communication channels between business registers[2].
 
- Cost Reduction: By streamlining processes such as cross-border mergers, BRIS reduces administrative costs for companies operating across multiple EU countries[2].
 
- Language Accessibility: Information within BRIS is available in all EU languages, making it accessible to a wider audience and helping to overcome language barriers[1].
 
- Legal Certainty and Data Reliability: The system enhances legal certainty by improving the reliability of data in business registers and standardizing data exchange procedures[2].
 
BRIS was implemented following Directive 2012/17/EU, which amended previous directives to facilitate the interconnection of business registers. The system became operational in June 2017, following the Commission Implementing Regulation (EU) 2015/884[1][4]. Despite its establishment, some challenges remain in terms of full implementation across all member states, with ongoing efforts to improve uniformity and access to company information[4].
 
Citations:
[1] https://bnt.eu/legal-news/business-registers-interconnection-system-bris/
[2] https://www.ajpes.si/Registers/Slovenian_Business_Register/BRIS
[3] https://e-justice.europa.eu/content_business_registers_at_european_level-105-en.do
[4] https://www.belzuz.net/es/publicaciones/en-ingles/item/11320-company-law-at-eu-level-and-business-registers-interconnection-system.html
[5] https://www.businessportal.gr/en/bris-2/

The Bundesanzeiger, also known as the Federal Gazette, is an official publication of the Federal Republic of Germany published by the German Ministry of Justice[2]. It serves as a crucial platform for disseminating important legal, judicial, and economic information to the public.

The Bundesanzeiger has several key functions:

1. It is used for publishing laws, mandatory legal and judicial announcements, and notices from federal authorities[1][2].

2. The gazette announces changes in the Handelsregister (Commercial Register) and contains legally mandated announcements by the private sector[2].

3. Companies legally obliged to publish their annual accounts in Germany must file and publish their annual statements through the Bundesanzeiger[3].

In recent years, the traditional printed Bundesanzeiger has been largely superseded by its electronic counterpart:

- The elektronischer Bundesanzeiger (eBAnz) or electronic Federal Gazette has become the primary platform for central announcements, notices, and company reports of legal significance[2][3].

The Bundesanzeiger system also incorporates:

1. Company Register (Unternehmensregister - UReg): This serves as a centralized store for key company information that must be published, allowing interested parties to access this data electronically[3].

2. Search Functionality: Users can access various areas of the Federal Gazette through a search function, making it easier to find specific information[1].

It's important to note that while the Bundesanzeiger provides official information, any legal views presented on the site are not binding, and courts ultimately have the final say in legal matters[1].

Citations:
[1] https://www.bundesanzeiger.de/pub/en/faq 
[2] https://en.wikipedia.org/wiki/Bundesanzeiger 
[3] https://help.companycheck.co.uk/support/solutions/articles/7000075816-german-company-information-sources 

The Commonwealth Association for Public Administration and Management (CAPAM) is a membership organization established in 1994, dedicated to enhancing public management and promoting good governance across the Commonwealth nations. CAPAM aims to strengthen governments and improve public policy and service effectiveness to better respond to citizen needs[1][3].

Key Objectives and Activities

- Networking and Knowledge Exchange: CAPAM facilitates the exchange of experiences and innovations in public administration among Commonwealth countries. This is achieved through various conferences, seminars, and workshops designed to foster networking and advance public management practices[1][2].

- Innovations Awards: The organization hosts the International Innovations Awards Programme, recognizing significant contributions to public administration with gold, silver, and bronze awards at its biennial conferences[1].

- Publications: CAPAM produces several publications, including a quarterly journal named Commonwealth Innovations, which disseminates information on best practices and developments in public administration[1][4].

Structure and Membership

CAPAM's membership includes individuals, institutions, and professional organizations from Commonwealth countries. Membership benefits include access to publications, reduced fees for conferences, and participation in a network of public administration professionals[4]. The organization is governed by a Board of Directors comprising officials from various member countries[4].

Historical Context

CAPAM was founded as a response to globalization's impact on governments, aiming to provide a platform for public administrators to connect beyond academic networks. It was established with support from the Commonwealth Secretariat and other international development agencies[2][3].

Overall, CAPAM plays a crucial role in supporting the development of effective public administration practices within the Commonwealth by fostering collaboration and sharing innovative solutions among its member countries.

https://www.commonwealthgovernance.org/organisations/commonwealth-association-for-public-administration-and-management-capam/ 

Citations:
[1] https://www.commonwealthgovernance.org/organisations/commonwealth-association-for-public-administration-and-management-capam/
[2] http://www.revparl.ca/english/issue.asp?art=472&param=155
[3] https://uia.org/s/or/en/1100003701
[4] https://www.thecommonwealth-ilibrary.org/index.php/comsec/catalog/download/1027/1023/8970?inline=1
[5] https://thecommonwealth.org/events/fifth-commonwealth-public-sector-ministers-forum

•  The CBE assigns a unique identification number to each company and business unit, which is used for all administrative, tax, and legal interactions[1][2].
•  It consolidates and centralizes basic information about legal entities, including corporate names, purposes, legal forms, contact details, and data on directors and managers[2].
•  The CBE shares this data with various competent authorities, reducing the need for companies to submit information multiple times[1].
•  Basic company information is accessible to the public, enhancing transparency and security in commercial transactions[2].
• The centralization of data helps authorities detect fraudulent activities more easily[2].

A Certificate of Good Standing (also known as a Certificate of Existence or Certificate of Status in some jurisdictions) is an official document issued by a state government agency, typically the Secretary of State's office, that confirms a business entity is properly registered and authorized to conduct business in that state. Here are the key points about Certificates of Good Standing:

- It verifies that a company is in compliance with state regulations and has met all required filings and fee payments.
- The certificate typically includes:
  - The company's legal name
  - Type of business entity (e.g. LLC, corporation)
  - Date of formation/incorporation
  - Confirmation that the company is in good standing
  - State seal and signature

A Certificate of Good Standing may be required when a business:
- Opens a bank account
- Applies for business loans or financing
- Registers to do business in another state
- Enters into major contracts
- Seeks investors
- Is being sold or acquired

## How to Obtain One

- Request it from the state agency where the business is registered (usually Secretary of State)
- Can often be ordered online, by mail, or in person
- Fees typically range from $10-$50
- Processing time varies by state and method (can be immediate for online orders or take several weeks)

## Eligibility

- Only formally registered business entities can obtain one (e.g. corporations, LLCs, LPs)
- Sole proprietorships and general partnerships usually cannot get one since they don't register with the state

## Validity

- Certificates are generally valid for a limited time (often 30-90 days)
- Businesses must maintain compliance to remain in good standing

A Certificate of Good Standing:
- Demonstrates legal compliance and legitimacy of the business
- Helps establish credibility with banks, investors, and other businesses
- May be required for certain business transactions or expansion efforts


Citations:
[1] https://companies-register.companiesoffice.govt.nz/help-centre/starting-a-company/incorporating-a-company/ 
[2] https://www.companiesmadesimple.com/blogs/limited-company/what-is-a-certificate-of-good-standing-and-how-do-i-get-one 
[3] https://www.linkedin.com/pulse/importance-certificate-good-standing-businesses-guide-kapadia-gandhi 
[4] https://www.brex.com/journal/certificate-of-good-standing 
[5] https://www.joinhomebase.com/blog/how-to-get-a-certificate-of-good-standing 
[6] https://www.patriotsoftware.com/blog/accounting/certificate-of-good-standing/ 
[7] https://www.legalzoom.com/articles/what-is-a-certificate-of-good-standing 
[8] https://www.forbes.com/advisor/business/certificate-of-good-standing/ 

(French) Conseil National des Greffiers des Tribunaux de Commerce - The national council of clerks of French commercial courts responsible for managing and overseeing business registries and legal filings.  The Conseil National des Greffiers des Tribunaux de Commerce (CNG) is the national council representing court clerks of commercial courts in France. 

1. Official representation: The CNG represents the profession of commercial court clerks to public authorities[1][3].
2. Regulatory body: It is responsible for organizing initial training, the entrance exam for the profession, internship validation interviews, and ongoing training for commercial court clerks[3].
3. Disciplinary authority: The CNG has disciplinary powers to sanction misconduct within the profession[3].
4. Inspection role: It conducts regular inspections of commercial court registries under the supervision of the Public Prosecutor[3].
5. Composition: The council is composed of members elected by the commercial court clerks themselves[3].
6. Legal status: The CNG has legal personality, allowing it to act on behalf of the profession[3].
7. Quality assurance: The CNG has developed a quality charter for the profession, emphasizing competence, loyalty, ethics, service, performance, and efficiency[5].
8. Public service mission: The council oversees the clerks' role as public and ministerial officers, delegated with state authority to authenticate acts within their competence[5].
9. Technological advancement: The CNG is involved in modernizing the commercial justice system, including the development and operation of computerized systems for managing legal and financial information about businesses[3].


Citations:
[1] https://www.cngtc.fr/fr/ 
[2] https://www.justice.gouv.fr/justice-france/acteurs-justice/professionnels-du-droit/greffier-tribunaux-commerce 
[3] https://fr.wikipedia.org/wiki/Greffier_du_tribunal_de_commerce 
[4] https://www.legifrance.gouv.fr/jorf/id/JORFTEXT000048086165 
[5] https://www.greffe-tc-arras.fr/modeles/divers/plaquette_cng.pdf 

Companies House is the official registrar of companies for the United Kingdom. 
 
Companies House is an executive agency of the UK government's Department for Business and Trade. Its primary responsibilities include:
- Incorporating and dissolving limited companies in the UK[1][3]
- Registering and storing company information and statutory filings[1]
- Making corporate information and records available to the public[1][3]
- Regulating and administering Public Limited Companies (PLCs) and Limited Liability Partnerships (LLPs)[4]
 
Companies House operates across the entire United Kingdom, covering England, Wales, Scotland, and Northern Ireland. It has offices in:
- Cardiff (for companies registered in England and Wales)
- Edinburgh (for companies registered in Scotland)
- Belfast (for companies registered in Northern Ireland)[1]
 
Companies House offers several key services:
- Company registration and incorporation
- Dissolution of companies
- Free public access to company information through their online database
- Processing of statutory company filings like annual accounts and confirmation statements
- Email reminder service for filing deadlines[1][2]
 
Companies House is essential for maintaining corporate transparency and accountability in the UK business environment. It provides valuable data to support investment decisions, and business transactions, and helps hold company directors accountable[2].

 https://www.gov.uk/government/organisations/companies-house 

Citations:
[1] https://www.rapidformations.co.uk/blog/companies-house/ 
[2] https://www.british-business-bank.co.uk/business-guidance/guidance-articles/business-essentials/the-small-business-owners-guide-to-companies-house 
[3] https://companieshouse.blog.gov.uk/about-companies-house/ 
[4] https://www.mollie.com/gb/growth/what-is-companies-house 
[5] https://uk.practicallaw.thomsonreuters.com/6-107-7123?contextData=%28sc.Default%29&firstPage=true&transitionType=Default 
[6] https://www.gov.uk/government/organisations/companies-house 

Companies House Gibraltar is the official registry for corporate matters in Gibraltar. 

Companies House Gibraltar has several primary functions:
1. To incorporate and dissolve companies in Gibraltar[1][3].
2. To examine and hold documents delivered to it under the Companies Act[1][3].
3. To make company information available to the public[1][3].

Companies House Gibraltar offers a range of services related to business registration and management:
Business Names Registration
Companies House handles the registration of business names under the Business Name Act. This process protects the goodwill associated with a name and prevents other businesses from using it[2].

Company Incorporation
As the main registry for public corporate matters in Gibraltar, all newly incorporated companies must be registered with Companies House[2].

Document Filing and Management
Companies are required to keep Companies House informed about pertinent changes, including modifications to shareholders or officers. Annual returns and accounts must also be filed yearly[2].

Additional Registrations
Companies House Gibraltar also serves as the registrar for:
- Trade Marks
- Patents
- Gibraltar Economic Interest Groupings
- Limited Partnerships
- Trusts
- Societas Europea
- Private Trust Companies
- Limited Liability Partnerships
- Foundations[1]

https://www.companieshouse.gi 

Citations:
[1] https://www.companieshouse.gi 
[2] https://www.oft.gov.gi/business-support/further-useful-information/companies-and-business-name 
[3] https://www.gibraltar.gov.gi/business/companies-house 
[4] https://www.companieshouse.gi/login.html 
[5] https://www.systemday.com/gibraltar-companies-registry/ 

The Companies Registration Office (CRO) is an Irish government agency responsible for managing and maintaining official records of businesses and companies. 

The CRO serves as the central repository of public statutory information on Irish companies, business names, and limited partnerships[1]. Its core functions include:
- Incorporating companies
- Enforcing filing obligations for companies
- Making company information publicly available
- Registering business names and limited partnerships[1]

The CRO operates under the aegis of the Department of Enterprise, Trade & Employment in Ireland[1]. This indicates that it is a government body responsible for overseeing business registrations and related activities.

https://cro.ie 

Citations:
[1] https://cro.ie 
[2] https://www.companiesoffice.govt.nz/about-us/contact-us/ 
[3] https://www.companiesoffice.govt.nz 
[4] https://cro.ie/post-registration/company-search/ 

Corp. is an abbreviation for Corporation.

Corp. is most commonly used as a shortened form of "corporation" in business contexts[1][3]. For example, you might see a company name like "Sony Corp. of Japan"[3].

The abbreviation is typically written with a period at the end (Corp.), though it may sometimes appear without one[3]. It's used in both American and British English[3].

When used as part of a company name, Corp. indicates that the business is legally incorporated. This means it's registered as a corporation, which is a type of business structure that provides certain legal and financial benefits like limited liability for shareholders.

It's worth noting that while "Corp." is a common abbreviation, some companies may use variations like "Corporation", "Inc." (Incorporated), or "Ltd." (Limited) instead, depending on their specific legal structure and jurisdiction.

Citations:
[1] https://dictionary.cambridge.org/dictionary/english/corp 
[2] https://en.wikipedia.org/wiki/Corps 
[3] https://www.collinsdictionary.com/dictionary/english/corp 
[4] https://www.britannica.com/dictionary/Corp. 
[5] https://www.oxfordlearnersdictionaries.com/definition/english/corp 

The Corporate Registers Forum (CRF) is an international association of corporate registries that brings together government agencies and officials responsible for administering corporate registers worldwide[1][2].

Founded in 2003, the CRF aims to provide its members with opportunities to review the latest developments in corporate business registers, exchange experiences, and share information on the present and future operation of corporate business registration systems[2][3].

Membership: The CRF is open to government agencies and their officials who are responsible for managing corporate registers, such as company registries[1][5]. Its membership spans diverse regions, encompassing countries from around the globe[5].

Annual Conference: The CRF holds an annual conference combined with its Annual General Meeting. This event allows delegates to discuss trends, challenges, and best practices in the field of corporate registration[3][4]. The 2024 conference is scheduled to be held in Doha, Qatar, from November 3-7, hosted by the Qatar Financial Centre[6].

Networking and Knowledge Sharing: The CRF provides a platform for registry professionals to network, share ideas, benchmark their performance and practices, and gain access to specialist experience[5][6]. Members can participate in online discussions and interact with other corporate registry managers through the CRF website[3].

The CRF was initially established as the Asia-Pacific Corporate Registries Forum in 2003, with its first meeting held in Auckland, New Zealand[2]. In 2005, during the second meeting in Melbourne, Australia, the name was changed to the Corporate Registers Forum to reflect its growing international scope[2]. Since then, the CRF has held annual meetings in various locations worldwide, including Hong Kong, Singapore, Canada, South Africa, Mauritius, India, Brazil, and most recently, Malta in 2023[2][4].

Objectives and Benefits
The primary goal of the CRF is to facilitate the exchange of information and experiences among its members, focusing on:
1. Reviewing the latest developments in corporate business registers internationally
2. Sharing experiences and information on current and future operations of corporate business registration systems
3. Providing a network for registry professionals to benchmark their performance and practices
4. Offering fast access to specialist experience in the field of corporate registration[1][3][5]

By joining the CRF, members gain access to an international network of registry professionals and valuable resources to enhance their corporate registration practices and systems.

https://www.corporateregistersforum.org/ 

Citations:
[1] http://ibrr.net/about/crf 
[2] https://en.wikipedia.org/wiki/Corporate_Registers_Forum 
[3] https://crf2022maldives.org 
[4] https://www.nrdcompanies.com/insights/nrd-companies-invites-you-to-meet-us-at-the-corporate-registers-forum-in-malta/ 
[5] https://www.crfqatar2024.com/about-crf 
[6] https://www.corporateregistersforum.org 

The Corporate Transparency Act (CTA) is a United States federal law that went into effect on January 1, 2024. 

The CTA aims to combat money laundering, terrorism financing, tax evasion and other illicit activities by requiring certain companies to report beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN)[1][2]. Specifically:
- "Reporting companies" must file Beneficial Ownership Information (BOI) reports disclosing information about their beneficial owners and company applicants[3].
- A beneficial owner is generally defined as someone who owns 25% or more of the company or exercises "substantial control"[2].

The reporting requirements apply to most corporations, LLCs, and other entities created by filing with a Secretary of State or similar office, unless they qualify for an exemption[4]. This includes both domestic and foreign entities registered to do business in the U.S.

Exemptions
There are 23 categories of exempt entities, including:
- Publicly traded companies
- Banks and credit unions  
- Tax-exempt organizations
- Large operating companies (over 20 full-time U.S. employees, $5M+ in U.S. revenue, physical U.S. office)[5]

Reporting Deadlines
- Existing companies: Must file by January 1, 2025
- New companies formed in 2024: 90 days to file
- Companies formed after January 1, 2025: 30 days to file[5]

Penalties for Non-Compliance
Failure to comply can result in civil penalties up to $500 per day and criminal penalties including fines up to $10,000 and up to 2 years imprisonment[2][3].
The CTA represents a significant new compliance requirement, especially for small businesses. Companies should carefully assess whether they are subject to the reporting obligations and prepare to file accurate and timely BOI reports if required.

Citations:
[1] https://www.minterellison.co.nz/insights/new-us-reporting-requirements-corporate-transparency-act 
[2] https://www.investopedia.com/corporate-transparency-act-8413903 
[3] https://www.nixonpeabody.com/insights/alerts/2024/05/14/the-corporate-transparency-act-what-you-need-to-know 
[4] https://www.wolterskluwer.com/en/expert-insights/what-is-the-corporate-transparency-act-cta-basics 
[5] https://www.uschamber.com/co/start/strategy/small-business-corporate-transparency-act 
[6] https://www.wolterskluwer.com/en/expert-insights/small-businesses-and-the-corporate-transparency-act 
[7] https://www.nortonrosefulbright.com/en/knowledge/publications/55b72cd0/the-corporate-transparency-act-is-here 

A Director Identification Number (DIN) in Australia is a unique 15-digit identifier that all company directors are required to obtain. 

1. Purpose: DINs were introduced to help prevent the use of false or fraudulent director identities and combat illegal phoenix activity[1][3].

2. Who needs one: All directors of companies, registered Australian bodies, and registered foreign companies under the Corporations Act must obtain a DIN[2][5].

3. Unique identifier: Each director receives a single, permanent DIN that they keep for life, even if they change companies or stop being a director[1][8].

4. Application process: Directors must apply for their own DIN through the Australian Business Registry Services (ABRS) website. The application is free and can be done online, by phone, or via paper form[2][5].

5. Identity verification: Directors must verify their identity as part of the application process[1][8].

6. Administration: The DIN regime is administered by the Australian Business Registry Services (ABRS), overseen by the Australian Taxation Office (ATO)[4].

7. Penalties: There are significant civil and criminal penalties for non-compliance with DIN obligations[3].

8. Privacy: DINs are not currently searchable by the public[4].

9. Future plans: DINs will likely be automatically linked to company registers[6].


Citations:
[1] https://www.abrs.gov.au/director-identification-number 
[2] https://www.herbertsmithfreehills.com/insights/2021-11/director-identification-numbers-commenced-on-1-november-2021 
[3] https://www.nfplawyers.com.au/post/the-director-identification-number 
[4] https://www.corrs.com.au/insights/director-identification-numbers-are-finally-here-but-what-do-directors-need-to-do-to-meet-their-legislative-obligations 
[5] https://pacificlaw.com.au/director-identification-number/ 
[6] https://www.gadens.com/legal-insights/the-director-identification-number-din-regime-is-here-implications-for-directors/ 
[7] https://www.gadens.com/legal-insights/the-din-is-coming-in-australias-introduction-of-a-director-identification-number-din-regime/ 
[8] https://www.abrs.gov.au/director-identification-number/about-director-id 

A document database is a type of NoSQL database that stores and retrieves data in a document format, typically using flexible, semi-structured documents like JSON. This approach offers several key advantages over traditional relational databases:

 Document databases use a schema-less or schema-flexible model, allowing each document to have its own unique structure. This flexibility enables developers to:
- Easily modify data models without disrupting the entire database
- Store diverse types of information within a single collection
- Adapt quickly to changing application requirements

Data is stored in self-contained documents, which can include nested data structures. This approach:
- Maps naturally to object-oriented programming concepts
- Eliminates the need for complex joins across multiple tables
- Allows related data to be stored together, improving query performance

Document databases are designed for horizontal scalability, making it easier to:
- Distribute data across multiple servers or clusters
- Handle large volumes of data and high traffic loads
- Scale out by adding more machines to the database cluster

-  Documents closely resemble the structure of objects in application code, simplifying development[1].
-  By storing related data together, document databases can reduce the need for expensive join operations[1].
-  The flexible schema allows for rapid iteration and easier adaptation to changing requirements[1].

Document databases are well-suited for various applications, including:
- Content management systems
- Real-time analytics
- Catalogs and product inventories
- User profiles and personalization
- Internet of Things (IoT) data collection

Several document databases have gained prominence in the industry:
- MongoDB: Known for its flexibility and scalability[5].
- Amazon DocumentDB: Fully managed, MongoDB-compatible option[3].
- Google Cloud Firestore: Offers real-time synchronization and offline support[3].
- Azure Cosmos DB: Provides multi-model support and global distribution[3].
- CouchDB: Focuses on ease of use and bi-directional replication[4].


Citations:
[1] https://www.mongodb.com/resources/basics/databases/document-databases 
[2] https://phoenixnap.com/kb/document-database 
[3] https://icepanel.io/blog/2023-06-22-top-9-nosql-databases-in-the-cloud 
[4] https://www.predictiveanalyticstoday.com/top-nosql-document-databases/ 
[5] https://www.g2.com/categories/document-databases 

An e-Apostille, or electronic Apostille, is a digital version of the traditional paper Apostille certificate.

An e-Apostille is an Apostille issued in electronic form that bears an electronic signature with a digital certificate[6]. Like a traditional Apostille, it authenticates the origin of a public document for use abroad, but in a digital format[6].

1.  The e-Apostille is issued and transmitted electronically, usually as a secure PDF file[4].

2.  It contains an electronic signature with a digital certificate, ensuring its authenticity and security[6].

3.  e-Apostilles can be verified online through various methods, such as clicking a verified link, scanning a QR code, or using Adobe Acrobat Reader's Sign feature[6].

Advantages 
1. The electronic format minimizes the risk of tampering and fraud[6].

2. Applicants can receive the e-Apostille via email and forward it directly to end users[6].

3.  The process is often faster than obtaining a physical Apostille.

The process for obtaining an e-Apostille may vary by country. For example, in the Philippines:
1. Applicants must first secure an e-Certificate version of their public document[6].
2. Payment is made through an online portal[6].
3. The e-Apostille is sent to the applicant's email address[6].

Important Considerations
1. An e-Apostille loses its validity if printed and submitted as hard copies[6].
2. Not all countries or institutions may accept e-Apostilles. It's crucial to check with the intended recipient beforehand[4].
3. The cost may be similar to or different from traditional Apostilles, depending on the issuing authority[4][6].
4.  The types of documents eligible for e-Apostille may be limited. For instance, the Philippines initially only offers e-Apostilles for civil registry documents[6].

Citations:
[1] https://www.dia.govt.nz/contact-us 
[2] https://www.apostille.gov.ph 
[3] https://sos.tn.gov/node/454 
[4] https://www.govt.nz/browse/passports-citizenship-and-identity/proving-and-protecting-your-identity/use-your-nz-documents-overseas/ 
[5] https://www.apostille.org/what-is-an-apostille/ 
[6] https://www.apostille.gov.ph/e-apostille/

The European Business Registry Association (EBRA) is an international organization that brings together business registry experts to collaborate on improving the operation and management of business registers in Europe. 

EBRA was formed in January 2019 through the merger of two existing organizations - the European Business Register (EBR) and the European Commerce Registers' Forum (ECRF)[1]. This coalition combined the technical cooperation focus of EBR, which started in 1992, with the wider cooperation initiatives of ECRF, which began in 1998[1].

EBRA's primary purpose is to:
- Represent and provide expert insight from European business registry professionals
- Foster collaboration and innovation among business registries and strategic partners
- Promote collective strategic thinking amongst business registry professionals
- Help business registers provide the best possible services to their clients
- Research, develop, manage and operate initiatives and services for business registries[1]

Membership and Structure
- EBRA has 44 members representing business registries from across Europe, including both EU and non-EU countries[2].
- It is governed by a Board of Directors[5].

Key Activities
1. Expert Working Groups: Members participate in groups focusing on relevant topics like Beneficial Ownership and Company Law initiatives[2].
2. Annual Conference: EBRA hosts an international conference open to members and professionals in the registry domain[2].
3. Surveys and Research: In collaboration with sister organizations, EBRA conducts global surveys on business registry data, including registrations, incorporations, terminations, e-services, and fees[2].
4. European Business Register Network (EBR): EBRA operates this network, which provides online access to business registry information from 22 European countries[3].
5. Collaboration and Knowledge Sharing: The association facilitates peer discussions, benchmarking, and knowledge sharing activities among members[2].

Vision
EBRA's vision is to create an international community of collaborative business registries that benefit from shared information, best practices, and tools. It aims to foster the global registry domain and ensure clear benefits for its members[1].
By bringing together expertise from across Europe, EBRA plays a crucial role in advancing the efficiency and effectiveness of business registries, ultimately supporting business transparency and the objectives of the European single market.

https://ebra.be 

Citations:
[1] https://ebra.be/about-ebra/ 
[2] https://ebra.be 
[3] https://en.wikipedia.org/wiki/European_Business_Register_Network 
[4] https://www.fostermoore.com/case-study/european-business-registry-association 
[5] https://uia.org/s/or/en/1122285215 

Electronic Identification, Authentication, and Trust Services (eIDAS) is a regulatory framework established by the European Union to enhance the security, reliability, and legal validity of electronic transactions across EU member states. Here are the key aspects of eIDAS:

eIDAS aims to create a standardized system for electronic identification and trust services throughout the EU. Its primary objectives include:
- Facilitating secure cross-border electronic transactions
- Ensuring mutual recognition of electronic identification schemes among EU member states
- Establishing a legal framework for electronic signatures, seals, timestamps, and other trust services

Electronic Identification (eID)

eIDAS sets standards for electronic identification, allowing citizens, businesses, and public administrations to use their national eID schemes to access online services in other EU countries[1]. The regulation defines three assurance levels for eID schemes:
- Low
- Substantial
- High

These levels indicate the degree of confidence in the claimed identity of a person[6].

eIDAS regulates various trust services, including:
1. Electronic signatures
2. Electronic seals
3. Electronic time stamps
4. Electronic registered delivery services
5. Website authentication certificates

These services are designed to ensure the authenticity, integrity, and non-repudiation of electronic transactions[2][3].

Types of Electronic Signatures
eIDAS recognizes three types of electronic signatures, each offering different levels of security and legal validity:
1. Simple electronic signatures
2. Advanced electronic signatures
3. Qualified electronic signatures

Qualified electronic signatures provide the highest level of legal assurance and are considered legally equivalent to handwritten signatures across the EU[8].

## Implementation and Compliance

The eIDAS regulation has been enforceable across the EU since July 1, 2016. It applies to:

- All EU member states
- Businesses and individuals conducting electronic transactions within the EU
- Trust Service Providers (TSPs) offering electronic trust services

Qualified Trust Service Providers (QTSPs) are subject to stricter requirements and must be audited and approved by national competent authorities[5].

Citations:
[1] https://digital-strategy.ec.europa.eu/en/policies/discover-eidas 
[2] https://www.digicert.com/faq/signature-trust/what-is-eidas 
[3] https://en.wikipedia.org/wiki/EIDAS 
[4] https://ico.org.uk/for-organisations/guide-to-eidas/what-is-the-eidas-regulation/ 
[5] https://www.idenfy.com/blog/eidas-regulation/ 
[6] https://www.entrust.com/resources/learn/eidas 
[7] https://digital-strategy.ec.europa.eu/en/policies/eidas-regulation 
[8] https://www.docusign.com/en-gb/blog/what-is-eidas 

Economic Substance Registers are records maintained by regulatory authorities to track companies' compliance with Economic Substance Regulations (ESR). Here are the key points about Economic Substance Registers:

Economic Substance Registers serve to:
1. Record information about companies subject to ESR[1][2].
2. Track compliance with economic substance requirements[3].
3. Facilitate reporting and monitoring by regulatory authorities[4].

Typically, an Economic Substance Register includes:
1. Company details (name, registration number, etc.)[3]
2. Nature of relevant activities conducted[2]
3. Details of economic substance compliance (e.g., number of employees, physical presence)[4]
4. Annual economic substance reports submitted by companies[3]

The implementation of Economic Substance Registers is part of a broader regulatory effort:
1. Introduced in response to concerns raised by the EU Code of Conduct Group for Business Taxation[5]
2. Aimed at ensuring companies have genuine economic presence in low-tax jurisdictions[1][2]
3. Applies to companies conducting certain "relevant activities" as defined by local regulations[3][5]

Companies typically must:
1. File annual economic substance notifications[3]
2. Submit detailed economic substance reports[2][4]
3. Provide evidence of meeting the economic substance test for their relevant activities[4]

Failure to meet economic substance requirements or provide accurate information can result in:
1. Financial penalties[5]
2. Information sharing with relevant EU member states[5]
3. Potential removal from the company register or forced dissolution[5]

Foster Moore delivered the Economic Substance Register for Bermuda [6].

Citations:
[1] https://en.wikipedia.org/wiki/Economic_substance 
[2] https://www.reedsmith.com/en/perspectives/2023/05/economic-substance-regulations-what-you-need-to-know 
[3] https://www.moec.gov.ae/en/economic-substance-regulations 
[4] https://www.applebyglobal.com/sectors/economic-substance/ 
[5] https://www.griffithsandpartners.com/news-and-events/economic-substance-requirements/ 

[6] https://www.fostermoore.com/news/bermuda-registrar-of-companies-goes-live 

The EU Open Data Directive (Directive (EU) 2019/1024) is a key piece of legislation that aims to promote the availability and reuse of public sector information across the European Union. Here are the main aspects of this directive:

The directive is based on the general principle that public and publicly funded data should be reusable for both commercial and non-commercial purposes[1]. It promotes the use of open data, which refers to data presented in open formats that can be freely used and shared by individuals for any purpose[1].

Open Data Requirements

Public sector bodies and public undertakings are required to make their documents available in:

- Open formats
- Machine-readable formats
- Accessible, findable, and reusable formats
- Complete with metadata[1]

High-Value Datasets

The directive introduces the concept of "high-value datasets" - documents whose reuse is associated with significant socioeconomic benefits. These datasets must be made available:

- Free of charge
- In machine-readable formats
- Through application programming interfaces (APIs)
- As bulk downloads where relevant[1][6]

Dynamic Data

The directive emphasizes the importance of making dynamic data available for reuse immediately upon collection, typically via APIs[1].

Research Data

A significant innovation is the requirement for Member States to develop policies for open access to publicly funded research data. This establishes the principle that research data resulting from public funding should be open access by default[3].

 Scope and Applicability

The directive applies to documents held by public sector bodies at national, regional, and local levels in EU Member States[3]. It also extends to certain public undertakings and research data[1].

Implementation

EU countries were required to transpose the directive into national law by July 17, 2021[5]. This implementation process involves adapting national legislation to meet the directive's requirements.

Impact on Open Science

The directive has significant implications for Open Science practices in the EU. It strengthens the "open by default" principle for publicly funded research data, although this applies only to data already made publicly available through repositories or other means[3].

Limitations and Exceptions

The directive includes provisions for protecting legitimate interests such as personal data privacy, intellectual property rights, and national security. It follows the principle of "as open as possible, as closed as necessary"[3].

Citations:
[1] https://eur-lex.europa.eu/EN/legal-content/summary/open-data-and-the-reuse-of-public-sector-information.html 
[2] https://www.esri.com/arcgis-blog/products/arcgis/sharing-collaboration/arcgis-supports-the-eu-open-data-directive/ 
[3] https://www.openaire.eu/open-data-and-the-re-use-of-public-sector-information 
[4] https://www.ivir.nl/publicaties/download/KI0822204ENN.en_.pdf 
[5] https://digital-strategy.ec.europa.eu/en/policies/legislation-open-data 
[6] https://en.wikipedia.org/wiki/Directive_on_the_re-use_of_public_sector_information 
[7] https://content.iospress.com/articles/information-polity/ip220053 

Financial Intelligence Centre

Financial Intelligence Centre - Namibia 

The Financial Intelligence Centre (FIC) is the Financial Intelligence Unit of the Government of the Republic of Namibia[1][3]. It was established under the Financial Intelligence Act, 2012 (Act No 13 of 2012) (FIA)[1]. The FIC's primary mandate is to:
1. Combat money laundering
2. Address underlying unlawful activities
3. Counter the financing of terrorism and proliferation activities
4. Protect the integrity and stability of the Namibian financial system[1][3]

The FIC fulfills its mandate through several key functions:
1. The FIC receives regulatory reports from accountable institutions, including banks, on suspicious and unusual transactions, cash transactions above certain thresholds, and terrorist property[1].
2. It analyzes, assesses, and interprets the information received to develop financial intelligence reports[1].
3. The FIC shares financial intelligence with law enforcement agencies for investigation purposes[1].
4.  It supervises and enforces compliance with the Financial Intelligence Act, including monitoring non-profit organizations (NPOs)[7].
5.  The FIC strives to provide a strong legal basis to combat financial crimes within Namibia[1][3].

The FIC operates under the Financial Intelligence Act, 2012, which provides the legal basis for its activities[1][4]. This act requires certain categories of businesses, known as accountable institutions, to implement measures such as client identification, record-keeping, reporting of information, and internal compliance structures[2].

It's important to note that the FIC does not have investigative powers[1]. Its role is to provide financial intelligence to law enforcement agencies for further investigation. The FIC works closely with other agencies in the broader criminal justice system, including:
- Namibian Police (NAMPOL)
- Anti-Corruption Commission (ACC)
- Other law enforcement agencies[1]

Citations:
[1] https://www.fic.na 
[2] https://www.fic.gov.za/compliance/ 
[3] https://www.bon.com.na/About-Us/Departments/Financial-Intelligence-Centre.aspx 
[4] https://www.nedbank.com.na/content/nedbank-namibia/desktop/na/en/aboutus/legal/the-financial-intelligence-act.html 
[5] https://namiblii.org/akn/na/act/2012/13/eng@2023-07-21 
[6] https://www.masthead.co.za/newsletter/the-role-of-the-financial-intelligence-centre-clarified/ 
[7] https://www.civic264.org.na/news/general-news/fic-calling-on-all-non-profit-organisations-registration-deadline-with-the-financial-intelligence-centre-and-filing-annual-returns-29-september-2023 

Franchise tax is a state-level tax imposed on certain businesses for the privilege of operating or being chartered in that state. 

- It is a tax levied by some U.S. states on corporations, LLCs, partnerships and other business entities[1][2].
- Despite the name, it is not a tax on franchises specifically[2].
- It is separate from and in addition to federal and state income taxes[2][3].

- Charged for the right to exist as a legal entity and do business in a particular state[1][2].
- Not based on income or profits - businesses may owe franchise tax even if they are not profitable[3][4].
- Calculation methods vary by state but may be based on net worth, capital stock value, or a flat fee[2][4].
- Usually paid annually, often at the same time as other state taxes[2][6].

- About half of U.S. states impose some form of franchise tax[4].
- Notable states with franchise taxes include California, Delaware, Illinois, and Texas[1][10].
- Some states like Kansas, Missouri, Pennsylvania and West Virginia have discontinued their franchise taxes[2].

Citations: 
[1] https://comptroller.texas.gov/taxes/franchise/ 
[2] https://www.investopedia.com/terms/f/franchise_tax.asp 
[3] https://www.lendingtree.com/business/franchise-tax/ 
[4] https://en.wikipedia.org/wiki/Franchise_tax 
[5] https://www.law.cornell.edu/wex/franchise_tax 
[6] https://www.nolo.com/legal-encyclopedia/what-is-franchise-tax.html 
[7] https://corporatefinanceinstitute.com/resources/accounting/franchise-tax/ 
[8] https://www.wolterskluwer.com/en/expert-insights/understanding-business-annual-report-and-franchise-tax-obligations 
[9] https://www.legalzoom.com/articles/what-is-franchise-tax 
[10] https://squareup.com/us/en/the-bottom-line/managing-your-finances/franchise-tax 

A Gazette is an official government publication that serves as a public record for important statutory and legal notices. In relation to statutory registers, Gazettes play several important roles:

1. Publication of notices: When new entries are added to statutory registers or significant changes are made, notices are often required to be published in the official Gazette. This provides public notification and transparency about updates to official government records.

2. Legal compliance: For many statutory registers, publication of certain notices in the Gazette is a legal requirement. This ensures proper public disclosure as mandated by laws and regulations.

3. Official record: The Gazette serves as an authoritative, permanent public record of notices related to statutory registers. It provides an official, timestamped account of when information was made public.

4. Public access: By publishing notices in the Gazette, information from statutory registers is made accessible to the general public, even if the full register itself is not publicly available.

5. Verification: The Gazette can be used to verify or cross-reference information in statutory registers, as it provides an independent, official source of published notices.

6. Legal standing: Notices published in the Gazette often have special legal status or evidentiary value in court proceedings related to matters in statutory registers.

7. Historical record: Gazettes maintain an archive of past notices, allowing researchers to track changes to statutory registers over time.

Some examples of notices related to statutory registers that may be published in Gazettes include:

- Formation or dissolution of companies
- Changes to business names or addresses
- Appointments or removals of company directors 
- Bankruptcy notices
- Land transfers
- Government appointments
- Creation of new statutory bodies or authorities

Citations:
[1] https://gazette.govt.nz 
[2] https://en.wikipedia.org/wiki/Government_gazette 
[3] https://www.thegazette.co.uk/place-notice 
[4] https://www.thegazette.co.uk/about 
[5] https://teara.govt.nz/en/document/13840/gazette-notice 
[6] https://www.fostermoore.com/news/just-what-is-a-statutory-register 

The Global Legal Entity Identifier Foundation (GLEIF) is a not-for-profit organization established to support the implementation and use of the Legal Entity Identifier (LEI) system. It was founded by the Financial Stability Board (FSB) in June 2014 and is headquartered in Basel, Switzerland. The GLEIF operates under the oversight of the Regulatory Oversight Committee (ROC), which includes public authorities from around the world.

https://www.gleif.org/en 

A GmbH, which stands for Gesellschaft mit beschränkter Haftung, is a type of limited liability company in German-speaking countries[1]. It is broadly equivalent to a private limited company in the United Kingdom or a limited liability company (LLC) in the United States[1].

The primary characteristic of a GmbH is that the owners (Gesellschafter) are not personally liable for the company's debts[1]. This limited liability is reflected in the company's name, emphasizing the protection of personal assets.

A standard GmbH requires a minimum share capital of €25,000, with at least half (€12,500) to be paid in before registration[2][3].

A GmbH is typically managed by one or more managing directors (Geschäftsführer)[2].

GmbHs are considered legal persons under German, Swiss, and Austrian law[1].


The formation of a GmbH involves three stages:
1. Founding association (considered a private partnership)
2. Founded company (often styled as "GmbH i.G." - in Gründung, meaning "registration pending")
3. Fully registered GmbH[1]

Only upon registration in the Commercial Register (Handelsregister) does the GmbH attain its full legal status[1].

There are several variations of the GmbH:
- mbH: Used when the term Gesellschaft is part of the company name itself[1].
- gGmbH: Gemeinnützige GmbH, a non-profit version used for charitable, educational, or cultural purposes[2].
- UG or "Mini-GmbH*: Unternehmergesellschaft, a startup version that can be founded with as little as €1 capital[2][4].

The GmbH has become the most common corporation form in Germany[1]. It is particularly popular among small to medium-sized enterprises due to its flexibility and limited liability protection[2].

Citations:
[1] https://en.wikipedia.org/wiki/Gesellschaft_mit_beschr%C3%A4nkter_Haftung 
[2] https://www.clevver.io/types-of-companies-in-germany/ 
[3] https://www.firma.de/en/company-formation/what-is-a-gmbh-definition-and-costs/ 
[4] https://www.nrwglobalbusiness.com/investing-in-nrw/business-guide-to-north-rhine-westphalia/company-set-up/setting-up-a-gmbh-or-mini-gmbh 

The International Association of Commercial Administrators (IACA) is a professional organization for government administrators who manage business organization and secured transaction record systems[1][2]. 

IACA serves as a professional association for government administrators at the state, provincial, territorial, and national level who oversee:
- Business organization registries
- Secured transaction registries

Its membership spans jurisdictions across the United States, Canada, and several other countries worldwide[2].

IACA's mission focuses on:
- Providing education and facilitating the exchange of ideas among its members
- Promoting greater efficiency in government operations
- Delivering superior service at the lowest possible cost[1]

The organization achieves these goals through:
- Annual general meetings
- Regular newsletters
- Serving as an educational and informational resource for members
- Acting as an instrument for positive change in members' operational environments[1]

History and Evolution
Founded in 1978, IACA has evolved over time:
- In 1991, it began participating in external activities affecting filing office functions
- By 1994, IACA adopted a proactive approach to influence legal and technological environments to improve its members' office performance[1]

https://www.iaca.org 

Citations:
[1] https://www.iaca.org/about-iaca/
[2] http://ibrr.net/about/iaca
[3] https://projects.propublica.org/nonprofits/organizations/561680384

The International Business Registers Report is the former name for the Business Registry Insights Survey (BRI).

The survey has been running for over two decades. It was originally a paper survey which produced a paper report outlining the results of the survey.   a comprehensive global initiative that aims to collect, analyze, and compare data from business registers across different jurisdictions worldwide[1][2]. This report serves as a valuable benchmarking tool for business registers, allowing them to compare their practices and performance with those of other countries[1].

The primary goal of the report is not to rank business registration authorities but to analyze various business registration systems and procedures[3]. This analysis helps facilitate comparisons and improvements among different jurisdictions.

Collaboration: The report is a joint effort by four major worldwide registry organizations:
- ASORLAC (Association of Registers of Latin America and the Caribbean)
- CRF (Corporate Registers Forum)
- EBRA (European Business Registers Association)
- IACA (International Association of Commercial Administrators)[1][2]

 The report is based on surveys conducted among business registers globally. These surveys cover six major topics:
1. Legal and institutional settings
2. Registration processes
3. Use of e-services
4. Changing roles of business registries
5. Funding and fees
6. Business dynamics and trends[3]

Frequency: Since 2021, the surveys are conducted twice a year, with each survey focusing on specific aspects of business registration[2].
Participation: The survey is open to all business registration authorities worldwide, encouraging a diverse and comprehensive dataset[3][5].
Data Collection: The project collects registry data to build a unique database of international business registry information[5].



Citations:
[1] https://www.corporateregistersforum.org/news/international-business-registers-report/
[2] https://ebra.be/the-2023-digital-international-business-registers-survey-is-now-open/
[3] https://ebra.be/international-surveys/
[4] https://unece.org/statistics/business-registers
[5] https://ibrr.net

International Financial Reporting Standards (IFRS) are a set of accounting standards developed and maintained by the International Accounting Standards Board (IASB) to provide a standardized approach to financial reporting across the globe[3][5]. These standards govern how particular types of transactions and events should be reported in financial statements, ensuring consistency, transparency, and comparability of financial information across international boundaries[4].

1. IFRS is used by more than 100 countries, including the European Union and two-thirds of the G20[4].
2. IFRS covers a wide range of accounting activities, including revenue recognition, income taxes, inventories, fixed assets, business combinations, and foreign exchange rates[6].
3. Unlike the rules-based U.S. GAAP, IFRS is principles-based, allowing more flexibility in interpretation[6][7].
4.  IFRS specifies requirements for key financial statements, including:
   - Statement of Financial Position (Balance Sheet)
   - Statement of Comprehensive Income
   - Statement of Changes in Equity
   - Statement of Cash Flows[5]

1. IFRS fosters greater corporate transparency, making financial statements more understandable to investors and regulators[5].
2. The standards enable investors to make informed comparisons between companies across different countries and industries[5].
3. By providing a common accounting language, IFRS helps reduce costs and complexities in cross-border transactions and investments[6].
4.  IFRS facilitates international investment by making it easier for companies to access global capital markets[4].

IFRS vs. GAAP
While IFRS is used internationally, the United States primarily uses Generally Accepted Accounting Principles (GAAP). Key differences include:
1. Approach: IFRS is principles-based, while GAAP is rules-based[7].
2. Flexibility: IFRS allows more room for interpretation, whereas GAAP is more rigid[7].
3. Specific Rules: For example, IFRS bans the Last in, First out (LIFO) inventory method, which is allowed under GAAP[5].
It's important to note that while the U.S. Securities and Exchange Commission (SEC) has shown interest in IFRS, it has not yet fully adopted these standards[4].

Citations:
[1] https://www.ifrs.org 
[2] https://www.xrb.govt.nz/standards/accounting-standards/ 
[3] https://en.wikipedia.org/wiki/International_Financial_Reporting_Standards 
[4] https://rpc.cfainstitute.org/en/policy/positions/international-finance-reporting-stds 
[5] https://www.investopedia.com/terms/i/ifrs.asp 
[6] https://gocardless.com/guides/posts/international-financial-reporting-standards/ 
[7] https://www.xero.com/nz/glossary/ifrs/ 

The Kamer van Koophandel (KvK), or Chamber of Commerce in English, is a public service organization in the Netherlands that plays a crucial role in supporting and regulating businesses. 

The KvK has several primary responsibilities:
1. The KvK maintains the Dutch Business Register (Handelsregister), which is a comprehensive database of all businesses and legal entities in the Netherlands[1][3].

2. It provides information, advice, and support to entrepreneurs, covering topics such as starting a business, financing, innovation, and international trade[3].

3. The KvK works to promote regional economic development and innovation[3].

4. It serves as a valuable source of business information, offering data on registered companies to enhance legal certainty in business transactions[4].

- Registration with the KvK is mandatory for all businesses and most legal entities in the Netherlands[1].
- There is an initial registration fee, and this is a one-time cost. There are no annual renewal fees[1].
- Registration can be done online, but a visit to a KvK office is required to complete the process[1].

The KvK provides a range of services to support businesses:

- Workshops and seminars on various business topics[1]
- Financing advice through the KVK Financing Desk[3]
- Export documentation services[4]
- Access to business networks and digital business plazas[3]

- The KvK operates as a quango (quasi-autonomous non-governmental organization) guided by Dutch law[2].
- It has 19 offices across the Netherlands and employs approximately 1,400 people[4].
- The KvK website (www.kvk.nl) receives millions of visits annually, serving as a primary resource for business information[4].

- The KvK is a member of the European Business Register[2].
- It is also affiliated with Eurochambres (Association of European Chambers of Commerce) and the International Chamber of Commerce (ICC)[4].

Citations:
[1] https://www.ikgastarten.nl/bedrijf-starten/juridisch/inschrijven-kamer-van-koophandel-kvk-5-vragen 
[2] https://en.wikipedia.org/wiki/Kamer_van_Koophandel. 
[3] https://business.gov.nl/partners/about-kvk/ 
[4] https://www.lobbyfacts.eu/datacard/netherlands-chamber-of-commerce-kamer-van-koophandel?rid=64945441527-14 
[5] https://www.kvk.nl 

A Legal Entity Identifier (LEI) is a unique 20-character alphanumeric code used to identify legal entities participating in financial transactions globally[1][2]. 

The LEI serves as a global reference code, similar to a barcode, that allows for precise identification of legal entities involved in financial transactions[3][5]. Its main purposes are:
- To uniquely identify parties in financial transactions worldwide
- To improve transparency and risk management in financial markets
- To help regulators and risk managers quickly identify entities involved in transactions

The LEI code has the following structure:
- 20 characters long
- Alphanumeric format
- Based on the ISO 17442 standard
- First 4 characters: Identify the Local Operating Unit (LOU) that issued the LEI
- Characters 5-18: Unique alphanumeric string assigned to the organization
- Last 2 characters: Checksum digits for verification[2]

An LEI contains two levels of information about the legal entity:

1. Level 1 ("who is who" data):
   - Legal name
   - Legal jurisdiction
   - Entity status
   - Registration authority
   - LEI registration date

2. Level 2 ("who owns whom" data):
   - Parental relationships in corporate structures
   - Outline of parent companies and subsidiaries[3]


- LEIs are issued by accredited Local Operating Units (LOUs)
- Entities must pay an initial registration fee and annual maintenance fee
- LEIs are valid for one year and must be renewed annually
- The Global Legal Entity Identifier Foundation (GLEIF) oversees the LEI system[1][3]

LEIs are increasingly required for various financial transactions and regulatory reporting. For example, in India, LEIs are mandatory for non-individual entities initiating or receiving transactions of 50 crore INR and above through RTGS and NEFT services[6].


Citations:
[1] https://www.lei-worldwide.com/what-is-a-legal-entity-identifier.html 
[2] https://en.wikipedia.org/wiki/Legal_Entity_Identifier 
[3] https://www.okta.com/identity-101/lei/ 
[4] https://www.rbi.org.in/commonperson/English/Scripts/FAQs.aspx?Id=3285 
[5] https://www.financialresearch.gov/data/legal-entity-identifier/faqs/ 
[6] https://www.hdfcbank.com/personal/need-help/faqs/legal-entity-identifier-code 
[7] https://www.cb.gov.qa/english/lei/pages/default.aspx 

LLC stands for Limited Liability Company. 

1. It's a business structure that provides limited liability protection to its owners (called members). This means the members' personal assets are generally protected from the company's debts and liabilities[1][3][4].

2. LLCs combine features of corporations and partnerships/sole proprietorships. They offer the limited liability of a corporation with the tax benefits and flexibility of a partnership[1][3].

3. LLCs typically have "pass-through" taxation, meaning the business itself doesn't pay taxes. Instead, profits and losses pass through to the members' personal tax returns[1][4].

4. LLCs are relatively easy and inexpensive to form compared to corporations. They require less paperwork and have fewer formal requirements[1][5].

5. LLCs offer flexibility in management structure and profit distribution. Members can decide how to manage the company and allocate profits[1][5].

6. There's no limit on the number of members an LLC can have, and members can be individuals, corporations, or other LLCs[4].

7. LLCs are formed by filing articles of organization with the state and creating an operating agreement[6].

8. While LLCs offer many benefits, they also have some potential drawbacks like self-employment taxes for members and possible dissolution if a member leaves[5][8].

Overall, an LLC is a popular business structure that offers liability protection, tax advantages, and operational flexibility for business owners.

Citations:
[1] https://www.investopedia.com/articles/investing/091014/basics-forming-limited-liability-company-llc.asp 
[2] https://www.tailorbrands.com/llc-formation 
[3] https://www.techtarget.com/whatis/definition/limited-liability-company-LLC 
[4] https://www.investopedia.com/terms/l/llc.asp 
[5] https://www.shopify.com/nz/blog/llc-advantages 
[6] https://www.shopify.com/nz/blog/what-is-an-llc 
[7] https://andysirkin.com/limited-liability-companies-llcs/an-introduction-to-the-limited-liability-company-llc/ 
[8] https://www.nerdwallet.com/article/small-business/starting-successful-llc 
[9] https://en.wikipedia.org/wiki/Limited_liability_company 
[10] https://calkinslawfirm.com/what-are-the-advantages-and-disadvantages-of-an-llc/ 
[11] https://www.citizensbank.com/learning/what-does-llc-mean.aspx 

The Ministry of Business, Innovation and Employment (MBIE) is a key government agency in New Zealand that plays a central role in shaping and delivering a strong economy. Here are the main aspects of MBIE:

MBIE's primary purpose is to "grow New Zealand for all"[1][2]. As the government's lead business-facing agency, it aims to improve the well-being of New Zealanders by:
- Developing and supporting business growth
- Delivering policy, services, advice, and regulation
- Enhancing job opportunities and skills development
- Ensuring good quality, affordable housing

MBIE was formed in July 2012 by merging four existing departments:
- Ministry of Economic Development
- Ministry of Science and Innovation 
- Department of Labour
- Department of Building and Housing

The New Zealand Companies Office (NZCO) is a business unit of MBIE.

It employs over 4,000 people across various roles[2].

MBIE has a diverse range of responsibilities, including:
1. Economic Development: Leading economic strategy and advising on business, sector, and regional development[5].
2. Regulation: Overseeing regulatory systems covering various sectors, from mines to outer space[5].
3. Employment and Labour Market**: Developing employment policies, enforcing employment standards, and providing dispute resolution services[6].
4. Innovation and Science: Supporting and investing in science, technology, and innovation[4].
5. Immigration: Managing immigration policies and processes through Immigration New Zealand[4].
6. Consumer Protection: Ensuring fair trading practices and consumer rights[4].
7. Building and Construction: Overseeing building regulations and standards[4].
8. Energy and Resources: Managing policies related to energy and natural resources[4].


Citations:
[1] https://www.mbie.govt.nz 
[2] https://www.mbie.govt.nz/about 
[3] https://www.devex.com/organizations/ministry-of-business-innovation-and-employment-mbie-116706 
[4] https://www.govt.nz/organisations/ministry-of-business-innovation-and-employment/ 
[5] https://www.mbie.govt.nz/about/who-we-are/corporate-publications/annual-reports/annual-report-2018-19/our-organisation 
[6] https://www.mondaq.com/newzealand/employment-and-hr/1493734/what-is-the-function-of-the-ministry-of-business-innovation-and-employment 
[7] https://en.wikipedia.org/wiki/Ministry_of_Business,_Innovation_and_Employment 

MONEYVAL (Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism) is a permanent monitoring body of the Council of Europe established in 1997[1][2]. Here are the key points about MONEYVAL:

MONEYVAL's main task is to assess compliance with principal international standards to counter money laundering and terrorist financing, as well as evaluate the effectiveness of their implementation[3]. It aims to improve the capacities of national authorities to fight these financial crimes more effectively[3].

- It has 35 member states and jurisdictions, including 32 that are assessed exclusively by MONEYVAL[2].
- Members include Council of Europe states not in the Financial Action Task Force (FATF), as well as some non-member states like Israel and the Holy See[2].
- The UK Crown Dependencies and Gibraltar are also evaluated by MONEYVAL[2].


- MONEYVAL conducts mutual evaluations based on the FATF model and standards[2].
- It is currently in its 5th round of evaluations, assessing both technical compliance with FATF recommendations and the effectiveness of AML/CFT systems[2].
- The evaluation process involves high-level meetings, plenary sessions, and follow-up procedures[2][4].

- MONEYVAL is part of the global network to combat money laundering, terrorist financing, and proliferation financing[4].
- It works closely with the FATF as an associate member since 2006[2].
- Various international bodies and organizations have observer status with MONEYVAL[5].

Citations:
[1] https://amsf.mc/en/international-cooperation/moneyval

[2] https://en.wikipedia.org/wiki/Moneyval

[3] https://www.coe.int/en/web/moneyval

[4] https://fau.gov.cz/en/moneyval-609 
[5] https://www.fatf-gafi.org/en/countries/global-network/committee-of-experts-on-the-evaluation-of-anti-money-laundering-.html 
[6] https://edoc.coe.int/en/terrorism/11044-moneyval-annual-report-for-2021.html