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42-614: The newspaper has been owned by Shaw Media since 1944. In April 2014, the Daily News became the source of controversy when its editor-in-chief, Bob Eschilman, published on his personal blog criticism about a website, The Queen James Bible , that rewrites the Christian Bible to be friendlier to gays and lesbians. Eschliman wrote in part: "If you ask me, it sounds like the Gaystapo is well on its way. We must fight back against

84-418: A limited liability company (LLC) may hold assets such as real estate, cars or boats. If a shareholder of a corporation is personally involved in a lawsuit or bankruptcy , these assets may be protected. A creditor of a shareholder of a Corp. or LLC cannot seize the assets of the company. However, the creditor may be able to seize ownership shares in the corporation, as they are considered a personal asset. In

126-410: A board of trustees appointed by the governor. The board filed a suit challenging the constitutionality of the legislation. The suit alleged that the college enjoyed the right to contract and the government changing that contract was not allowed. Chief Justice John Marshall delivered the majority opinion and affirmed that the right to contract exists between owners of private property rather than between

168-433: A broad impact, there are disputes about how those technologies and the businesses they thrive in fit under the umbrella of laws that govern regulations and taxation. In 1886 one such taxation dispute arose between Santa Clara County and Southern Pacific Railroad . The railroad thought the tax code was misapplied to some of their property and assets. In deciding the case, a unanimous court ruled that governments must abide by

210-413: A business such as loans, accounts payable, and legal judgments. In a corporation, however, shareholders , directors and officers typically are not liable for the company's debts and obligations. They are limited in liability to the amount they have invested in the corporation. For example, if a shareholder purchased $ 100 in stock, no more than $ 100 can be lost. On the other hand, a corporation (Corp.) or

252-470: A compositor. He set type on the first issue of the Rocky Mountain News . According to Shaw, the owner offered the newspaper to him in exchange for Shaw's team of mules. But Shaw declined, needing them to make the return journey home. He left Colorado after four months. Upon returning, Shaw took over The Amboy Times for a time and then returned to Dixon to again be the editor and publisher of

294-403: A direct campaign. The articles of incorporation (also called a charter , certificate of incorporation or letters patent ) are filed with the appropriate state office, listing the purpose of the corporation, its principal place of business and the number and type of shares of stock. A registration fee is due, which is usually between $ 25 and $ 1,000, depending on the state. A corporate name

336-606: A face-to-face meeting. In the UK, the process of incorporation is generally called company formation. The United Kingdom is one of the quickest locations to incorporate, with a fully electronic process and a very fast turnaround by the national registrar of companies, the Companies House . The current Companies House record is five minutes to vet and issue a certificate of incorporation for an electronic application. There are many different types of UK companies: In Canada ,

378-491: A government and its citizens. The case was the first case in US history that asked fundamental questions about corporate entities and the protections they enjoy; it also was a precedent-setting case in extending "individual rights" to corporations. The railroad was an expensive multi-year project that greatly changed and altered both the physical and commercial landscape of the country. As with most new technology developments that have

420-663: A handful of publications in Iowa. Around that time a group of minority owners with a 35% ownership stake sued the family members who owned the remaining 65% stake over alleged mismanagement of the company. The lawsuit was settled in 2014 and the minority owners were bought out for $ 5.25 million. Shaw purchased the Newton Daily News in 1944, Creston News Advertiser in 1946, Woodstock Daily Sentinel in 1948, Kane County Chronicle in 1988 and The Daily Gazette of Sterling in 1995 from Thomson Corporation . In 2005,

462-472: A means to observe this evolution. While these cases may seem arbitrary and decontextualized when examined individually, when viewed successively and within historical context, a narrative emerges that offers an explanation for why such views are upheld. In 1816, the New Hampshire state legislature passed a bill intended to turn privately owned Dartmouth College into a publicly owned university with

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504-750: A subsidy called Shaw Media Group, which managed the Daily Sentinel of Woodstock and its newspapers in McHenry County, Illinois . Two years later Shaw Media Group merged with the Free Press Newspaper Group, owned by Free Press, Inc. The new company was named Shaw / Free Press Media. Shaw Media and the Daily Herald announced in spring 2014 the launch of a new Chicago Football magazine led by veteran football analyst Hub Arkush . The magazine subsequently merged with

546-498: A view of corporations emerge that put them at odds with the normal working man. The election of Franklin D. Roosevelt was a manifestation of many populist sentiments the country might have felt. In 1933 a Florida case came before the court, again disputing taxation. In Liggett v. Lee the court ruled that there could be a corporate tax, essentially saying the structure of business was a justifiably discriminatory criterion for governments to consider when writing tax legislation. This

588-461: A way to use it to influence politics and policy. In response, Massachusetts passed a law limiting corporate donations strictly to issues related to their industry. The First National Bank of Boston challenged the law on First Amendment grounds and won. First National Bank of Boston v. Bellotti allowed business to use financial speech in political causes of any nature. In 2010 amidst an outpouring of frustration and blame directed at Wall Street

630-631: Is a newspaper publisher based in Crystal Lake, Illinois , a suburb of Chicago . Its portfolio includes about 80 newspapers and news websites in Illinois and Iowa. Originally based in Dixon, Illinois ; it has acquired a swath of properties in the Chicago suburbs and moved its headquarters there. Founded in 1851, Shaw Media is the third oldest, continuously owned and operated family newspaper company in

672-569: Is capable of continuing indefinitely. Its existence is not affected by the death of shareholders, directors, or officers of the corporation. Ownership in a Corp. or LLC is easily transferable to others, either in whole or in part. Some state laws are particularly corporate-friendly. For example, the transfer of ownership in a corporation incorporated in US-DE is not required to be filed or recorded. Legal opinion on corporations has evolved significantly throughout history, and Supreme Court cases provide

714-412: Is generally made up of three parts: "distinctive element", "descriptive element", and a legal ending. All corporations must have a distinctive element, and in most filing jurisdictions, a legal ending to their names. Some corporations choose not to have a descriptive element. In the name "Tiger Computers, Inc.", the word "Tiger" is the distinctive element; the word "Computers" is the descriptive element; and

756-751: The Dixon Telegraph. In 1856, Shaw was one of a dozen editors who met in Decatur to help found the Republication Party in Illinois. Abraham Lincoln was at the meeting as the group's legal adviser. Shaw then helped organize the Bloomington Convention and at the event was a member of the resolutions committee. Shaw also went on to cover and report on the Lincoln–Douglas debates . Decades later B. F. Printing Company

798-507: The "Inc." is the legal ending. The legal ending indicates that it is in fact a legal corporation and not just a business registration or partnership . Incorporated, limited , and corporation, or their respective abbreviations (Inc., Ltd., Corp.) are the possible legal endings in the US. Usually, there are also corporate bylaws which must be filed with the state. Bylaws outline a number of important administrative details such as when annual shareholder meetings will be held, who can vote and

840-547: The 1980s. Over time the family-controlled company moved toward a professional management structure. Due to the Great Recession in the United States , the company consolidated operations and outsourced printing to a third-party. Jobs were eliminated and the total workforce dropped by 15%. In 2010, the company changed its name from Shaw Newspapers to Shaw Media. By 2013, the company owned 35 Illinois newspapers and

882-405: The United States differ on a state by state basis. However, there are common pieces of information that states require to be included in the certificate of incorporation . A business purpose describes the incorporated tasks a company has to do or provide. The purpose can be general, indicating that the budding company has been formed to carry out "all lawful business" in the region. Alternatively,

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924-445: The United States, corporations can sometimes be taxed at a lower rate than individuals. Also, corporations can own shares in other corporations and receive corporate dividends 80% tax-free. There are no limits on the amount of losses a corporation may carry forward to subsequent tax years. A sole proprietorship, on the other hand, cannot claim a capital loss greater than $ 3,000 unless the owner has offsetting capital gains. A corporation

966-502: The amount a buyer is willing to pay. An Inc. stipulates the exact number of shares the corporation is willing to authorize. It is mandatory for every corporation to have stock. If the corporation is willing to permit both preferred as well as common shares of stock, then this should have a mention in the articles of incorporation, along with the voting rights information. Generally, preferred shares provide its shareholders preferential payments of distribution of assets or dividends, in case

1008-1274: The company acquired Lakeland Media, publisher of 12 weekly newspapers in Lake County, and reorganized the papers under its subsidy NorthWest News Group. The company purchased the Osceola Sentinel-Tribune in 2006, El Conquistador in 2006 the Daily Chronicle from Lee Enterprises in 2007, and Suburban Life Publications , a group of 22 weekly newspapers in Chicago's western suburbs, from GateHouse Media in 2012. Shaw Media purchased The Herald-News from Sun-Times Media in 2013; The Fontanelle Observer and Adair County Free Press in 2017, and The Ottawa Times from Small Newspaper Group in 2018. In 2023, Shaw Media acquired Studstill Media in Peru, Illinois and their eight radio stations ( WALS , WBZG , WGLC-FM , WIVQ , WSPL , WSTQ (FM) , and WYYS ) for $ 1.8 million. The sale marked Shaw Media's launch into radio and digital media, whereas previously, they exclusively owned newspapers. On April 3, 2023, Shaw Media officially assumed ownership of Studstill Media under

1050-423: The company shuts down its operations. A lot of small business owners only allow shares of common stock. There are a number of legal benefits that come with incorporation. One significant legal benefit is the protection of personal assets against the claims of creditors and lawsuits. Sole proprietors and general partners in a partnership are personally and jointly responsible for all the legal liability (LL) of

1092-549: The company to family trust , with the trustees being her children. Mabel S. Shaw died in 1955. Six decades later, B. F. Shaw's great-great grandson Tom Shaw in 2011 said: “She was the one that ultimately really had a vision and laid the framework for the company to be here today." The Illinois Press Association in 1994 created the Mabel S. Shaw trophy awarded annual in her honor. The company remained relatively static after Mabel S. Shaw’s death until another period of expansion in

1134-477: The enemy." National media critic Jim Romenesko emailed Eschliman if he thought the Daily News "could fairly cover gay issues when he has 'declared gays the enemy.'" The blog was later removed. In the wake of the comments, Eschilman was suspended from his position on April 30 and on May 5, Shaw Media announced Eschliman's dismissal. "Last week, he expressed an opinion in his personal blog that in no way reflects

1176-411: The final say with regards to the name chosen for the company. The name should not deceive or mislead consumers. Registered agents are responsible for receiving all legal and tax documentation on behalf of the corporation. Share per value refers to the stated minimum value and generally doesn't correspond to the actual share value. In reality, the value of a share is based on its fair market value or

1218-402: The issue of corporate contributions came before the court again. In Citizens United v. FEC the court said there was virtually no distinction between monetary contributions and political speech, and because we do not limit political speech unless it is tantamount to bribery, corporations have the right as people to donate unlimited amounts of money to any political cause so long as it is not to

1260-494: The local newspaper. The first issue of the Dixon Telegraph and Lee County Herald was published on May 1, 1851. It was founded Charles R. Fisk, a retired Presbyterian minister who brought a Washington hand press and other printing equipment with him as his family traveled by carriage to come settle in Dixon. It was the area's first newspaper. About six months later Fisk sold the paper to J. F. Hooper and M. P. Bull, who shortened

1302-535: The manner in which shareholders will be notified if there is need for an additional "special" meeting. Corporations can only deduct net operating losses going back two years and forward 20 years. Assuming a corporation has not sold stock to the public, conducting corporate business is straightforward. Often, it amounts to recording key corporate decisions (for example, borrowing money or buying real estate) and holding an annual meeting. These formalities can often be supplanted by written agreement and do not usually need

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1344-483: The name Shaw Local Radio. In March 2024, Shaw Media further expanded its radio presence by acquiring NRG Media, which included stations in Dixon, Illinois : WIXN -AM/FM 1460/95.1 (news and information), WRCV -FM 101.7 (River Country 101.7 - Country music), and WSEY -FM 95.7 (Sky 95.7 - Adult contemporary). In October 2024, the company purchased the Daily Journal . In 1981, B. F. Shaw Printing Co. created

1386-465: The name on Dec. 3, 1851. Hopper dropped out before the end of the year and Shaw joined the firm two weeks before Bull sold out to J. V. Eustace, who became editor and proprietor. Shaw became the paper's publisher on January 21, 1852, and then the sole proprietor on April 30, 1854. Shaw briefly traveled west to make his riches in the Pike's Peak gold rush . He found no gold and to support himself worked as

1428-640: The nation. Benjamin Flower Shaw was born on a farm in Waverly, New York on March 31, 1831. His parents died when he was in his early teens. At age 14, he worked delivering mail on horseback from Cedar Rapids, Iowa to Galena, Illinois . The route was a distance of 100 miles. At age 16, Shaw worked at a printing plant in Rock Island where he learned the printer's trade. At age 20, he came to Dixon, Illinois to visit his siblings and then found work at

1470-555: The opinion of the Newton Daily News or Shaw Media," Shaw Media president John Rung wrote in an editorial published the day after Eschilman was fired. "While he is entitled to his opinion, his public airing of it compromised the reputation of this newspaper and his ability to lead it." In June, Abigail Pelzer was named the new editor. This article about an Iowa newspaper is a stub . You can help Misplaced Pages by expanding it . Shaw Media (United States) Shaw Media

1512-762: The process of incorporation can be done either at the federal or provincial level. Companies which incorporate with the federal government will generally need to register extra-provincially in the province that they elect to do business. Similarly, a provincial corporation may need to register extra-provincially if they are to have offices outside of their home province. Incorporated Canadian companies can generally use either Corp., Corporation, Inc., Incorporated, Incorporée, Limited, Limitée, Ltd., Ltée, Société par actions de régime fédéral, and S.A.R.F in their name, but this may vary from province to province. Note that there are two government structures operating within Canada. French system

1554-455: The purpose can be specific, furnishing a more detailed explanation of the products and/or services to be offered by their company. The chosen name should be followed with a corporate identifier such as "Corp.", "Inc.", or "Co.". A preliminary name availability search is advisable prior to the submission of the Articles of Incorporation. In the case of online incorporation, the state will have

1596-412: The re-launched Pro Football Weekly . On December 18, 2020, they launched Shaw Local , a digital news platform covering northern Illinois. Incorporation (business) Incorporation is the formation of a new corporation . The corporation may be a business , a nonprofit organization , sports club , or a local government of a new city or town . Specific incorporation requirements in

1638-423: The same tax code enforcement for individuals that it did for corporations. While not explicitly stated in the case, it was implied that this case extended equal protection rights to corporations under the 14th amendment . The booming economy the railroad corporations helped build from the late 19th into the early 20th centuries came to a screeching halt in 1929. The Great Depression , as it came to be known, helped

1680-415: Was a unique ruling handed down during a unique time in US history that denied a corporation freedom it sought in the courtroom. From 1940 to 1990 the percent of total GDP made up by financial service professionals increased by 300%. Along with that growth there was a growth in the profits this industry experienced as well. As the disposable income of banks and other financial institutions rose, they sought

1722-532: Was incorporated on July 2, 1891. At that time, B. F. Shaw's only son Eustace Shaw became managing editor and publisher. He helped run the business until his sudden death on September 5, 1902. He was 45 years old. Three years prior Eustace Shaw was wed to Mabel S. Shaw, and the couple had three sons together. Immediately upon his death Mabel S. Shaw came to work at the paper. B. F. Shaw died suddenly on September 18, 1909. After his death, Mabel S. Shaw assumed management of company and served as its president. She

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1764-501: Was known for her personal attention to detail, business acumen and became known as "The First Lady" of midwestern journalism. In her life time the business grew to encompass six daily and one weekly newspaper in Illinois and Iowa, along with the Dixon Publishing company, which was a large commercial printing firm. The company had 500 employees in total. In the 1930s, she incorporated the company and transferred ownership of

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