GBT Technologies Inc (GTCH)

[28Rockets]

Pretty sure VWAV is probably buyings a large amount of shares of GTCH, thats the point your missing they been talking about.
Mail has to have physical address in Cali. 👇🤑

☂️ Here's how it works: The holding company buys enough shares (usually more than half) of other companies to call the shots on major decisions. This control doesn't require the holding company to engage in the daily operations of these businesses. Instead, the holding company sets strategic goals, appoints board members, and oversees major financial decisions. The parent company might also provide centralized services like financial management and legal counsel.

The subsidiaries often run independently, often retaining their own management teams to handle everyday business tasks. This division of labor allows the parent company to benefit from the performance of its subsidiaries without the need to manage operations.

Advantages
The holding company structure offers several unique advantages. First, it helps isolate risk, as each subsidiary has a separate legal status. If one company faces financial difficulties or legal challenges, the other subsidiaries and the parent company remain protected.


There are also major tax advantages to being a holding company. If one business loses money while another makes money, they can balance each other out, which usually means paying less in taxes overall. Let's say a holding company owns two businesses: a profitable restaurant chain and a new tech startup that's losing money while it gets off the ground. When tax time comes, it can use the startup's losses to reduce the taxes it would owe on the restaurant's profits.

A holding company can also redirect profits from cash-rich subsidiaries to fund growth opportunities in other units or acquire new businesses, which is less costly than obtaining outside funding.

In addition, holding companies might be able to negotiate better terms with suppliers or lenders by leveraging their combined size and resources.

https://www.investopedia.com/terms/h/holdingcompany.asp

📪 In California, businesses registered with the Secretary of State must maintain a valid business address, which can be a physical street address or the address of a registered agent. P.O. boxes are not allowed as a business address, according to California Legal Scriveners.

Companies sometimes use different addresses for SEC filings than their main physical office addresses for several reasons:
Registered Agent Address: Most states require businesses (especially corporations and LLCs) to have a registered agent with a physical street address in that state to receive legal documents and official correspondence, such as notices of lawsuits or tax forms. This registered agent address might be different from the company's primary office location, especially if the company operates in multiple states or wants to maintain privacy regarding its physical office location.
Privacy: Some businesses, particularly small businesses or those operated from home, may prefer to use a separate mailing address to protect the privacy of the owner's personal address.
Convenience and Mail Management: Businesses might use a designated mailing address for all official correspondence, including SEC filings, to ensure that important documents are received and processed efficiently, especially for larger companies with multiple offices or those operating globally.
Compliance and Legal Requirements: Different agencies or regulatory bodies (state or federal) may require different types of addresses to be used for different purposes. For example, the SEC requires a company to disclose the address of its principal executive office, but they may accept a P.O. Box in some situations.
Essentially, the key takeaway is that the principal office address is the primary operational location of a company, while a registered agent address is specifically for receiving legal and compliance documents and may be a separate address, according to Alliance Virtual Offices. The registered agent address is often maintained for legal compliance and to ensure reliable receipt of important legal notices.