You're right Thai MK in that there are a lot of reasons for forming separate legal entities. On this site we can guess one of those reasons.
When I was part of NTM it was common to hear the "we are separate from the world" lectures. If you've had anything to do with NTM you'll know what I mean. The recent reorganising the affairs of NTM/CrossView to best place it to ride out the strife they know is coming is exactly what other "worldly" businesses do when they know they are in trouble. Then watch the media spokespeople troll out tripe when the time comes using the legal deck chair arranging to protect reputations and the most important things like (no not children)....tangible assets and money.
I feel quite angry thinking about this. Since I have already done the vacuuming this week I shall go mow the lawn.