They are a corporate service company. Companies pay them to act as their Registered Agent in a state so they can do business in that state. Pretty much every corporation uses them or one of their competitors. They don’t get involved with businesses practices or hold their money, just file documents that say “mikes computers can sell to people in Iowa”
You're exactly right. I looked into the particular company mentioned in OP's post and everything seems above board.
Cogency Global is a registered agent and makes sure GoFundMe's business paperwork is filed in compliance with all laws and regulations in various countries around the world.
This link describes why lenders might find Cogency Global attractive to their needs-
Fast, responsive service is critical to your success as a lender. Complete your deals with the confidence of the most responsive and reliable service in the business. We provide specialized due diligence and filing services for the lending industry.
The next link is to a White Paper designed for decision makers in a company, and does a good job of explaining what process agents are and what they do-
In a cross-border financing transaction, parties to the agreement must negotiate a choice of law clause specifying that any
disputes under the agreement will be determined in accordance with the law of a particular jurisdiction. While the choice of law can vary, New York, Hong Kong and the U.K. are commonly chosen jurisdictions due to their established commercial laws.
When parties agree on a choice of law in a jurisdiction where they don’t have a physical presence (i.e. an address), a process agent from that jurisdiction is appointed. What does this process agent do? The role of the process agent is to act as a representative upon whom court papers may be served, on behalf of the appointing parties, and to deliver those court papers per the instructions of the appointing parties.
Multiple parties may be required to appoint a process agent in one single financing transaction, and the same process agent may be named in more than one agreement. Typically, the fee charged is based on the number of parties appointing a process agent and the number of years in the transaction. Lenders generally prefer that the process agent is unable to resign for the term of the agreement, creating an irrevocable or binding appointment. Irrevocable appointments are paid in advance for the full term of the agreement.
The results you got for CGI were part of website links.
CGI also stands for Common Gateway Interface.
The only other result for a search for "CGI" on Qagg,news links to this page about MKUltra, and that's because Mcgilldaily contains "CGI" in its spelling.
I, personally, have never seen a dive on them. You should do it. It starts somewhere. Find what you can and drop it here, people always pick up interest if someone starts it. Good luck, pede. Welcome to the Revolution.
They are acting as registered agent, see my explanation below. They have zero influence on companies, companies pay them a service fee to file documents and tell them when their taxes are due.
They are a corporate service company. Companies pay them to act as their Registered Agent in a state so they can do business in that state. Pretty much every corporation uses them or one of their competitors. They don’t get involved with businesses practices or hold their money, just file documents that say “mikes computers can sell to people in Iowa”
You're exactly right. I looked into the particular company mentioned in OP's post and everything seems above board.
Cogency Global is a registered agent and makes sure GoFundMe's business paperwork is filed in compliance with all laws and regulations in various countries around the world.
This link describes why lenders might find Cogency Global attractive to their needs-
Fast, responsive service is critical to your success as a lender. Complete your deals with the confidence of the most responsive and reliable service in the business. We provide specialized due diligence and filing services for the lending industry.
https://www.cogencyglobal.com/lenders
The next link is to a White Paper designed for decision makers in a company, and does a good job of explaining what process agents are and what they do-
In a cross-border financing transaction, parties to the agreement must negotiate a choice of law clause specifying that any disputes under the agreement will be determined in accordance with the law of a particular jurisdiction. While the choice of law can vary, New York, Hong Kong and the U.K. are commonly chosen jurisdictions due to their established commercial laws.
When parties agree on a choice of law in a jurisdiction where they don’t have a physical presence (i.e. an address), a process agent from that jurisdiction is appointed. What does this process agent do? The role of the process agent is to act as a representative upon whom court papers may be served, on behalf of the appointing parties, and to deliver those court papers per the instructions of the appointing parties.
Multiple parties may be required to appoint a process agent in one single financing transaction, and the same process agent may be named in more than one agreement. Typically, the fee charged is based on the number of parties appointing a process agent and the number of years in the transaction. Lenders generally prefer that the process agent is unable to resign for the term of the agreement, creating an irrevocable or binding appointment. Irrevocable appointments are paid in advance for the full term of the agreement.
https://www.cogencyglobal.com/hubfs/US_What_is_a_Process_Agent_Eng_Jul2020.pdf
when the initials tell you they fake things.
Bingo! You win the jackpot!
Money Laundering on a Huge Scale
The results you got for CGI were part of website links.
CGI also stands for Common Gateway Interface.
The only other result for a search for "CGI" on Qagg,news links to this page about MKUltra, and that's because Mcgilldaily contains "CGI" in its spelling.
https://www.mcgilldaily.com/2012/09/mk-ultraviolence/
I, personally, have never seen a dive on them. You should do it. It starts somewhere. Find what you can and drop it here, people always pick up interest if someone starts it. Good luck, pede. Welcome to the Revolution.
It's tedious work, but have faith, if there's anything, you can find it.
They are acting as registered agent, see my explanation below. They have zero influence on companies, companies pay them a service fee to file documents and tell them when their taxes are due.
This site usually has useful nuggets of connections: https://littlesis.org/org/417915-Cogency_Global_Inc.
I figure it's just a money laundering operation set up to look charitable. These people do this crap 100% of the time.