Berkshire Hathaway’s Corporate Structure and Registration Details
Berkshire Hathaway is a prominent American corporation, registered and headquartered in Omaha, Nebraska. As a publicly traded holding company, it is a diversified conglomerate with a wide range of subsidiaries involved in various industries. This detailed piece will explore the nature of Berkshire Hathaway as a registered corporation, its founding context, and significant development under the leadership of Warren Buffett.
Registration as a Corporation
Berkshire Hathaway's registration as a corporate entity is crucial for understanding its legal standing and the framework under which it operates. Formed originally as a textile manufacturer, Berkshire Hathaway has transformed into a diversified conglomerate over the years. As a Delaware corporation, the company benefits from the robust corporate law environment and is headquartered in Omaha, Nebraska, where it has been a significant economic driver for decades.
Pivotal Corporate Structure
Berkshire Hathaway operates as a holding company, owning numerous subsidiaries that are engaged in a wide array of business activities. This structure allows the company to leverage diverse investment opportunities and strategic growth. Some of its key subsidiaries operate in sectors such as insurance (geared towards Berkshire Hathaway Insurance Co.), utilities (like MidAmerican Energy), railroads (BNSF Railway), manufacturing (General Electric Capital Corporation), and retail (See’s Candies and Fruit of the Loin, for instance).
Legal and Regulatory Compliance
The corporation's legal standing is underscored by the rigorous regulatory compliance it maintains. Notably, Berkshire Hathaway's securities are registered with the Commission under Section 12b of the Exchange Act. Its stock trades on the New York Stock Exchange (NYSE), symbolizing its standing as a significant player in the American financial ecosystem. The corporation's commitment to transparency and the dissemination of accurate information is reflected in its registration and adherence to the Securities and Exchange Commission (SEC) regulations.
Recent Legal Context
A review of a 2011 lawsuit highlight the complexities and transparency requirements associated with publicly traded corporations like Berkshire Hathaway. In a lawsuit filed by the SEC (Securities and Exchange Commission) against George S. Canellos, Chairman, SEC Office of Compliance Inspections and Examinations, the case illuminated the stringent regulatory oversight and the importance of maintaining accurate and up-to-date corporate information. This lawsuit underscores the need for corporations to be vigilant in ensuring the accuracy and integrity of public disclosures, as any discrepancies can have significant legal and financial ramifications.
Conclusion
Beyond its diversified business portfolio, Berkshire Hathaway’s corporate structure is testament to its resilience and adaptability. Under the leadership of Warren Buffett, the company has navigated through various economic cycles, transforming itself to become a respected and influential entity in the American business landscape. Despite its robust position, Berkshire Hathaway remains committed to transparency and compliance, ensuring that its stakeholders have access to accurate and timely information.
Lexical Sources
SEC Complaint against George S. Canellos
Berkshire Hathaway official homepage: Legal Information Section
Documentation from the Securities and Exchange Commission (SEC) including reports filed by Berkshire Hathaway.