Corporate Structure Example
When Texxi was created in 2005 as the vehicle to monetise the IP of Eric Masaba, it was done so in a corporate structure designed to prevent against targeted liquidations. Both companies are arbitrary and could be named anything. The important thing is the legal agreement between Eric Masaba and the entities. This was from my bitter experience with a former technology company since the normal practice in Silicon Valley is for much better capitalised rivals to do this to smaller firms. Texxi Limited was incorporated in March 8th 2005 and served as the exclusive licensee to Crane Dragon, itself the sole authorised reseller of Eric Masaba’s IP. These structures prevented rivals forcing us into liquidation in order to obtain the I.P. Both companies are arbitrary and could be named anything. The important thing is the legal agreement between Eric Masaba and the entities.
