Sina Weibo is in a different order of magnitude with 140 million users and 50 million active monthly users, Sina claims, with 10m new accounts signed up each month. Sina is hoping for significant revenue growth from Weibo in the next two years, reported China Daily late last month.
A ULC is a hybrid entity as it is treated as a corporation for Canadian tax purposes and can be treated as a flow-through or disregarded entity for US tax purposes. An ULC may be an attractive vehicle for a US investor expanding into Canada for reasons that may include:
The Uniform Commercial Code (UCC), a body of law adopted by the states that governs commercial transactions, provides that the parties must act in Good Faith where quantity is to be measured by the requirements of the purchaser or, in the case of output contracts, the output of the seller.irst, the measure of the quantity entailed must be determined in good faith. The buyer in a requirements agreement or the seller in an output agreement is not free, with an uncontrolled discretion, to determine the quantity of goods that can be demanded or tendered under the agreement.