Development and implementation of new business concepts; provision of services, in particular commercial, technical, marketing, sales, consulting and other services; establishment, acquisition, management, direction and disposal of companies as well as acquisition, holding, disposal of and trading in company participations and financial instruments as well as economic goods of all kinds, each in its own name and on its own account and not as a service for third parties; as well as the management of its own assets. The company does not conduct any business that requires a license under the law. The company does not engage in any activity that requires authorization as a manager or similar and provides exclusively license-free services and license-free consulting services. The company may enter into all commercial and financial transactions that are directly or indirectly related to the purpose of the company. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as conduct all business that is directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing for its own account or for the account of third parties, as well as provide guarantees and sureties for subsidiaries and third parties.