Hello Luxembourg and Hello Klaus!
Inc., as you probably already know, is simply the North American abbreviated form of the liability designation, Incorporated. The Canadian equivalent is, Ltd. (Limited).
A Company with the designation, Inc., can be either publicly owned (shares sold on the open stock market i.e. NASDAQ, New York Stock Exchange) or privately owned (shares not sold on the broader open market) where shares are designated and controlled internally.
In North America, it’s my understanding that the WTBTS Inc. or Ltd. and most of its affiliate companies are the latter.
A few of the compelling reasons for a corporation (Inc.) that’s confident raising their own monies independently rather than through the 'stock market', is that the corporation is not required to publicly divulge it’s financial resources, much greater autonomy and less accountability.
This is a huge monetary advantage, especially over time when coupled with a government sanctioned tax-free status such as the WTBTS enjoys along with almost every other religious organization originating in North America.
However, the question is, are we, as a community that has sanctioned this tax-free status, getting our money’s worth for the privilege given?
Hope this simple explanation suffices, and that others have more to add.
Flip
