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In 1989, it became a corporation as a result of a merger with Advantage Companies Inc. [4] The company name was changed to LDDS WorldCom in 1995, and it relocated to Clinton, Mississippi. The company grew rapidly in the 1990s, after completing several mergers and acquisitions.
By 1973 MCI was in financial trouble. Just months away from opening its nationwide microwave network, the company defaulted on its line of bank credit and was on the verge of collapse. Also in 1973 Microwave Communications, Inc. reorganized as MCI Communications Corporation.
Aug 27, 2021 · On September 1, 2021, Arkansas will become one of 20 states to enact the Uniform Limited Liability Company Act (“ULLCA”) and, in doing so, will repeal the current Small Business Entity Pass-Through Act (the “Old Act”).
Dec 27, 2020 · The company was acquired by WorldCom (later called MCI Inc.) in 1998. Due to a large scandal, it declared bankruptcy and eventually broke itself from WorldCom ownership. It never fully recovered and eventually sold to Verizon in 2006.
The Arkansas Corporation Entity Search is an online tool provided by the Arkansas Secretary of State’s office that allows individuals or businesses to search for information about corporations and other business entities registered in the state of Arkansas.
Apr 20, 2004 · Worldcom Inc. emerged from federal bankruptcy protection this morning with the new name of MCI, about 21 months after the scandal-tainted company sought protection from creditors in the wake of...
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May 12, 2021 · Specifically in Arkansas, replacing the Small Business Entity Tax Pass-Through Act (the “Old Act”) with the ULLCA will clarify certain formation and documentation issues, resolve a handful of ambiguities in the Old Act, and strengthen protections for LLC members.
