- Intermediary corporation
An nihongo|intermediary corporation|中間法人|chūkan hōjin is a type of
corporation existing underJapanese law . The intermediary corporation is designed to bridge the gap between companies which work for profits andNGO and other nonprofit organizations which work for public interest.Prior to the enforcement of the law on April 1, 2002, excepting the labor union whose establishing rules were regulated under specific laws, voluntary groups such as a condo association board and hobby club were operated under informal agreements and their assets were registered with one or more of group members. However, this meant that in the absence or negligence of the goodwill by the member registering assets, group's assets could be appropriated without becoming a criminal case. While they could be reclaimed through a civil suit, this does not resolve the problem of the ownership of assets. The intermediary corporation and its associated laws are designed to protect the group's assets while limiting the potential of lawsuits against individual members.
There are two types of intermediary corporations. nihongo|Limited liability intermediary corporations|有限責任中間法人|yūgen sekinin chūkan hōjin are designed to resemble yūgen kaisha (limited companies) in formation and function, while nihongo|unlimited liability intermediary corporations|無限責任中間法人|mugen sekinin chūkan hōjin are closer to
gomei kaisha (general partnership corporations).ee also
*
Kabushiki kaisha
*Godo kaisha External links
* [http://www.moj.go.jp/MINJI/MINJI41/minji41.html Ministry of Justice page on intermediary corporations]
Wikimedia Foundation. 2010.
