Reborn in America, I am a legendary short seller on Wall Street.

Chapter 147 Chain Reaction
Starting Tuesday afternoon, Larry has officially stopped going to work at Paine Weber Securities.

He began to focus all his attention on his two retail companies, personally helping Mr. K design the storefronts and assisting Logan, Huang Meitang, and others in determining the standardized production process and quantitative formula for milk tea.

In addition, Mr. Dunbar was happy to accept Larry's invitation to become his bodyguard, specifically responsible for Larry's security.

Of course, it's quite strange that someone as young as Larry would have a bodyguard; it seems like an attempt to cover something up.

To avoid suspicion, Larry called Mr. Dunbar "Uncle Dunbar," while Dunbar addressed him by his first name, making them appear to outsiders as uncle and nephew.

The establishment of the company has also officially taken shape, and the business elites have come up with a plan to set up a holding company in New Jersey.

Because New Jersey passed a law in 1889 that made it the first state in the United States to allow corporations to freely hold shares in other companies, New Jersey quickly became a mecca for monopoly capital registration. Large trusts such as Standard Oil and Carnegie Steel registered their companies in the state.

Furthermore, registering a company in New Jersey is very convenient. Investors only need to declare that their registered capital is greater than $5, without the need for actual payment. The newly established company will submit its articles of incorporation to the Secretary of State and register its business scope including the words "investment holding".

Larry registered two companies in one go, one called "New England United Capital Corporation" and the other called "Freeport Cornerstone Holdings Corporation". The meaning behind both companies is Boston, which not only reflects the local connotation of Boston, but also highlights the controlling nature of the company.

Larry has $45 in his bank account.

Subsequently, Larry deposited $30 into a designated bank account of "New England United Capital Company," which was mainly used to invest in the "South Harbor Industrial Investment Fund" established by Larry and Kennedy, and later in Ford Motor Company and its funds, with the money coming from here.

The remaining $15 was deposited into Atlantic Cornerstone Holdings, which primarily invests in convenience store projects and food and beverage companies.

Of course, the registration process for the new company has been quite lengthy; the business elites believe it will be officially completed by the end of March.

Both holding companies are wholly owned by Larry.

The convenience store and food and beverage store projects were registered in Boston.

The convenience store's parent company is "Atlantic Retail Alliance".

The word "alliance" sounds grand, but it is actually a frequently used term by companies in this era. For example, the full name of American Tobacco is American Tobacco Alliance, which can effectively avoid the suspicion of "trust" while also reflecting the nature of the company.

Larry invested $1 in the company, holding 50% of the common stock, while Mr. K and Logan each invested $5000, holding 25% of the common stock.

In addition, the company will issue preferred stock representing 20% ​​of its total common stock capital, which Mr. K will pay $500 for and hold. When distributing profits, 20% of the profits will first be given to Mr. K, the operator, and the remainder can be further distributed.

In the US, common stock and preferred stock are clearly separated when registering a company.

Common stock is corporate stock with voting rights, but preferred stock is more like "financing stock," which does not have voting rights but only enjoys priority in profit distribution.

The food and beverage store's parent company is "Golden Fire Barbecue and Tea Company," a name that downplays the regional label and focuses on "golden quality" and "warm service."

The company's shareholding structure is somewhat complicated. Larry originally intended to invest $1 for a 50% stake, but after discussion, Elder Ye from Chinatown, Huang Meitang, and others pooled together $2000 to acquire a 10% stake.

This is not preferred stock, but common stock with voting rights.

In addition, Huang Meitang himself scraped together $1000, holding a 5% stake. So the company's shareholding structure is as follows: Larry invested $7000, holding 35% of the shares, making him the largest shareholder; Mr. K and Logan each invested $5000, holding 25% of the shares.

The Boston branch of the Chinese community association Yonghuatang holds 10% of the shares, while Huang Meitang holds 5% personally.

Since the company also needs to make some charitable contributions, the specific profit distribution will be studied further.

Both companies will be established before March 10, and all shareholders' capital will be fully paid up.

The company only began operating formally after its establishment.

The work of setting up a new company is complex and multifaceted, and Larry has been busy every day lately directing the decoration and distribution of goods at the flagship store of the convenience store at the train station.

In terms of product distribution, the focus was on tobacco, alcohol, and general merchandise with high repurchase rates. However, many of these products were not packaged at the time, and the convenience stores had to be responsible for packaging them with paper tape, which increased the workload. But Larry had experience from his previous life, so he basically decided that a convenience store should be staffed by two people as the standard. This also set the standard for the husband-and-wife stores that were later franchised.

The most troublesome part of convenience stores is actually warehousing and distribution. Mr. K rented a large warehouse behind Boston train station. Goods purchased in bulk will be stored here first, and then distributed in bulk according to the needs of each store.

At Larry's suggestion, the distribution warehouse established zoned storage and simple item coding to facilitate quick sorting and retrieval of goods based on the codes.

In short, everything was done according to the advanced management concepts that Larry was familiar with in his previous life.

In addition, Larry specifically sought out Matthew Browning, who made a vertical kebab grill based on his description, and also a special cash register equipped with a simplified typewriter, with a crisp "ding" sound when the cash drawer was opened.

These two inventions weren't too difficult. When Matthew heard Larry's description, he looked at Larry with great surprise and exclaimed, "Oh, bro, how do you think your brain works? How could you even come up with this machine?"

Larry neither confirmed nor denied it, but reminded Matthew that once the barbecue machine and the cash register were developed, he should definitely apply for patents.

And so, from Tuesday to Sunday, the group of people, under Larry's command, did not have a moment's rest and kept doing all sorts of work.

Of the entire group, Mr. Dunbar was the most idle. He always wore his cowboy hat, carried his gun, and followed Larry at a distance, seemingly watching the spectacle. But Larry knew that Mr. Dunbar was also faithfully fulfilling his duty as a guard.

On Sunday afternoon, the new convenience store located at the train station was basically finished.

After everyone finished their work, they gathered at the entrance of the convenience store to drink coffee and rest. Larry looked at the eye-catching storefront with its red and green horizontal stripes and said to everyone, "Isn't this decoration eye-catching enough?"

Mr. Dunbar nodded and said casually, "Everyone can see it at a glance as soon as they exit the train station. This kind of entrance is very distinctive."

Mr. K, while sipping his coffee and chatting with his men, suddenly burst into laughter, turned to Larry, and said...

"Boss, guess what? Because the Metropolitan Gambling House was taken down, now all the gambling houses in Boston, big and small, have set betting limits. And that's not all, the gambling houses have also stipulated that if a customer earns more than 2 points per share, their position will be automatically closed... They're afraid of another surge like the one in the American sugar industry!"

Larry raised an eyebrow, surprised that the collapse of the casino in Metropolis had such a chain reaction.

While everyone was resting and having coffee, Samuel Wallace, a trader from Paine Webber, rushed over and said to Larry, "My uncle wants you to get ready. Go to Hartford next Monday, then to the New York headquarters to collect your award. Take the 7:30 train tomorrow morning, don't forget!"

(End of this chapter)