The Star Citizen Thread v 4

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*mod hat off*

I have no idea! It may be simply to protect the names.

ETA - there is a thing called group relief (which sounds really dirty) which is essentially about moving losses from one group company to another to reduce the other's tax bill. It's a bit more complicated than that, but it's enough. We can't see what, if any tax losses there are in the group. This is usually useful where you buy a company with tax losses.

Not too sure how it saves money - there are extra legal fees and administrative costs for each company.

Seems like a really convoluted setup for company with a sole purpose to its existence.
 
Seems this is one of the very few things in this mess of a project that has been planned well and that is already out of clumsy prototype phase... Along with the shop.

Forget Chris the visionnaire, forget Erin the savior, forget teuton wizards. The real deal is Freyermuth.
 
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Yaffle

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Letting each studio be it's own LLC wouldn't mean that you don't have to worry as much about things as managing all the labor and tax obligations of having German citizens working for a US company in London? Each studio only has to worry about the laws in their own country. On other examples Foundry42 UK is involved with a Government program, things like that, then there are Tax credits and incentives, on witch the way they are setup, they can make use of.

Employing EU citizens in the UK is simple, they have the right to work there under a well established routine.

These are three UK companies (LLCs as you call them). The UK companies are not owned by a US parent company they are owned by a US citizen. That's irrelevant for the company itself. Soopyyy's question was more 'why have three UK companies?' and i can't answer that. With full disclosure (which it would appear they are not required to do) I may be able to figure it out - but Government Grants don't require a new corporate entity for each grant.

Having three companies would give limitation of liability between them. By that I mean if Foundry 42 Ltd (UK Co) was sued to oblivion then CIG Ltd (UK Co) would not be affected beyond the value of its investment dropping to £0.

As I said there is group relief for shunting tax losses around a group, but if you had one UK company the losses would already be netted off, so there's no advantage there I can easily see. There may be something I've not thought of, and there must be a reason to do it.

There is an extra administrative burden, albeit minor, for each trading company. To set each one up only costs £50 plus whatever you pay your lawyer or agent to fill in forms for you, but those are all extra costs for each and every company.
 
Saves Money, as also makes them get money, making use of several benefits, tax relief and things like that, there was a pretty detailed article i read once in how this works.

Sure it saves money but only for The "Ali Baba" and his "forty thieves".......
 
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Employing EU citizens in the UK is simple, they have the right to work there under a well established routine.

These are three UK companies (LLCs as you call them). The UK companies are not owned by a US parent company they are owned by a US citizen. That's irrelevant for the company itself. Soopyyy's question was more 'why have three UK companies?' and i can't answer that. With full disclosure (which it would appear they are not required to do) I may be able to figure it out - but Government Grants don't require a new corporate entity for each grant.

Having three companies would give limitation of liability between them. By that I mean if Foundry 42 Ltd (UK Co) was sued to oblivion then CIG Ltd (UK Co) would not be affected beyond the value of its investment dropping to £0.

As I said there is group relief for shunting tax losses around a group, but if you had one UK company the losses would already be netted off, so there's no advantage there I can easily see. There may be something I've not thought of, and there must be a reason to do it.

There is an extra administrative burden, albeit minor, for each trading company. To set each one up only costs £50 plus whatever you pay your lawyer or agent to fill in forms for you, but those are all extra costs for each and every company.

I could think of a couple of reasons why someone might do this, none of them reflecting anything in a good light.
 
I'd like to think that if the Alphalpha was being delivered by the Ocadi and not the Advocadi we would have at least got an agreed delivery slot, and I still can not stop laughing that as part of 2.4 CIG has delivered clothes shopping... ...it's almost like they have gone out of their way to rub the backers noses in 'it' - it is absolutely hilarious!

Sadly, in the real world, CIG are in guano. The perfect storm of competing titles is no longer on the horizon, they are arriving, starting in June with NMS. Then comes Call of Duty: Infinite Warfare (developed in 3 years - ouch), and let's not forget a little thing called Starfield yet to be unwrapped from Bethesda... oh, and Mass Effect: Andromeda... and I could easily list many more.

As was said elsewhere, what good is 117M-U$D when you've run out of time.

But fear not loyal and brave Imperators and Centurions, all will be okay because the Glorious Leader Hypiius-Maximus will take to the stage, will wave his hands, make a word salad that includes “fidelity”, “immersion”, “sort of”, and “kind of”, and all can cry in delight and relief that the BDSSE is yet alive, and not destined for the waste-bin of history as JASG.

JASGtm - just another space game
 
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I'd like to think that if the Alphalpha was being delivered by the Ocadi and not the Advocadi we would have at least got an agreed delivery slot, and I still can not stop laughing that as part of 2.4 CIG has delivered clothes shopping... ...it's almost like they have gone out of their way to rub the backers noses in 'it' - it is absolutely hilarious!

Well to be fair who doesn't want to get rammed on the pad looking anything other than fabulous!

Spacesuits are soooo last century!
 
I'd like to think that if the Alphalpha was being delivered by the Ocadi and not the Advocadi we would have at least got an agreed delivery slot, and I still can not stop laughing that as part of 2.4 CIG has delivered clothes shopping... ...it's almost like they have gone out of their way to rub the backers noses in 'it' - it is absolutely hilarious!

Sadly, in the real world, CIG are in guano. The perfect storm of competing titles is no longer on the horizon, they are arriving, starting in June with NMS. Then comes Call of Duty: Infinite Warfare (developed in 3 years - ouch), and let's not forget a little thing called Starfield yet to be unwrapped from Bethesda... oh, and Mass Effect: Andromeda... and I could easily list many more.

As was said elsewhere, what good is 117M-U$D when you've run out of time.

But fear not loyal and brave Imperators and Centurions, all will be okay because the Glorious Leader Hypiius-Maximus will take to the stage, will wave his hands, make a word salad that includes “fidelity”, “immersion”, “sort of”, and “kind of”, and all can cry in delight and relief that the BDSSE is yet alive, and not destined for the waste-bin of history as JASG.

JASGtm - just another space game

Oh dear lord! All this super duper amazing space games, where is ED on the list? Is it already a JASG? I always find amazing that when this comparatives to other space games are done ED's future and planned content is excluded from the equation. o.o


Anyway, poke me if there is one actual MMO, with a similar gameplay to what SC is, to come because then i'm more interested to hear. Instead of SP or MP-match/co-op based space games, unless you're meant comparative is with SQ42, not SC.
 
Why there be so many companies for the development of a single product all owned by the same parent?

speculation! That's it. Moving assets around countries, TAX evasion could also be another purpose, inter-company invoicing, very popular among large corporations.
 
Oh dear lord! All this super duper amazing space games, where is ED on the list? Is it already a JASG? I always find amazing that when this comparatives to other space games are done ED's future and planned content is excluded from the equation. o.o


Anyway, poke me if there is one actual MMO, with a similar gameplay to what SC is, to come because then i'm more interested to hear. Instead of SP or MP-match/co-op based space games, unless you're meant comparative is with SQ42, not SC.

Well realistically SC has a very long way to go before it can even attempt to be a JASG.

At the moment it it's an NECYTJASG!

(not even close yet to just another space game)
 
Oh dear lord! All this super duper amazing space games, where is ED on the list? Is it already a JASG? I always find amazing that when this comparatives to other space games are done ED's future and planned content is excluded from the equation. o.o


Anyway, poke me if there is one actual MMO, with a similar gameplay to what SC is, to come because then i'm more interested to hear. Instead of SP or MP-match/co-op based space games, unless you're meant comparative is with SQ42, not SC.

Because ED are in a different league. ED do not compete with ME: Andromeda or CoD :IW

They already have a solid business, they do not need to beg people for money. The "to become SC" is a pipe dream.

Next year ED will probably have Spacelegs (TM) from then on the game will only accelerate.

I will most likely buy CoD :IW because I'm interested in the story part of it, also ME because it was a good story. SQ42 hardly not, unless it really looks good and get good ratings in the YT reviews.
 
I'm not convinced that the general buying public who have yet to hear of SQ42/SC will make much of a distinction between SQ42 & SC.

If SQ42 nosedives I doubt those general buying peeps will give it a second chance when/if SC finally makes it out of the gate.
 
Oh dear lord! All this super duper amazing space games, where is ED on the list?

It's right at the top, it's currently the industry benchmark of excellence in space games.

Is it already a JASG? I always find amazing that when this comparatives to other space games are done ED's future and planned content is excluded from the equation. o.o

No it's the BDSSE, and there's nothing to indicate it won't continue to be the BDSSE.

Anyway, poke me if there is one actual MMO, with a similar gameplay to what SC is, to come because then i'm more interested to hear.

You mean broken janky tech demo's that are both hugely expensive and way over the planned delivery date ?. There are no similar games SC is in it's own category of massive across the board failure.

Instead of SP or MP-match/co-op based space games, unless you're meant comparative is with SQ42, not SC.

CIG dropped co-op didn't they ?.
 
Because ED are in a different league. ED do not compete with ME: Andromeda or CoD :IW

They already have a solid business, they do not need to beg people for money. The "to become SC" is a pipe dream.

Next year ED will probably have Spacelegs (TM) from then on the game will only accelerate.


I will most likely buy CoD :IW because I'm interested in the story part of it, also ME because it was a good story. SQ42 hardly not, unless it really looks good and get good ratings in the YT reviews.


Yep, I'll get Mass Effect for sure. Not even the same post code as Elite so far as game play goes.
I had to giggle though, "Similar gameplay to what SC has". What Gameplay!?
 
I personally won't buy SQ42 unless it has space cats dropping depth charges on a spaceship hiding in an asteroid crater, while the crew of said spaceship tries to stay as quiet as possible to avoid transmitting sounds through space air and giving their position away. As for ED, I'm guessing it won't get unscathed from the competition with other space games, but that fact doesn't help CIG in any way, unless schadenfreude can be exchanged to dollars.
 
...where is ED on the list? Is it already a JASG? I always find amazing that when this comparatives to other space games are done ED's future and planned content is excluded from the equation....

I left ED off the list as it is already out, and I was listing some of the competition coming very soon that CIG has to face-off.

Whether you chose to 'compare' with SQ42 or SC is pretty moot, as between them they cover pretty much all the bases of whatever is actually left to populate the MVP.
 
Because ED are in a different league. ED do not compete with ME: Andromeda or CoD :IW

So it is SC.


You mean broken janky tech demo's that are both hugely expensive and way over the planned delivery date ?. There are no similar games SC is in it's own category of massive across the board failure.

You dodged the point, there isn't an game like SC around, as one MMO, the whole way it's set to play, not now, on the future, possibly ED as it does have some of the same gameplay features SC already has planned.



I left ED off the list as it is already out, and I was listing some of the competition coming very soon that CIG has to face-off.

Whether you chose to 'compare' with SQ42 or SC is pretty moot, as between them they cover pretty much all the bases of whatever is actually left to populate the MVP.

No, one is one MMO, the other one is a SP Campaign.
 
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Neither does SC.




You dodged the point, there isn't an game like SC around, as one MMO, the whole way it's set to play, not now, on the future, possibly ED as it does have some of the same gameplay features SC already has planned.
.

No he didn't, your point was stupid. There is no game play. There are wild fantasies and nothing tangible.
 
I personally won't buy SQ42 unless it has space cats dropping depth charges on a spaceship hiding in an asteroid crater, while the crew of said spaceship tries to stay as quiet as possible to avoid transmitting sounds through space air and giving their position away. As for ED, I'm guessing it won't get unscathed from the competition with other space games, but that fact doesn't help CIG in any way, unless schadenfreude can be exchanged to dollars.


Bahahahahaa, I'd be filthy rich if that were the case.
 
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