Mount Vema Companies
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Company types that can be incorporated in Mount Vema:
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PRIVATE COMPANY LIMITED BY SHARES (STOCKS)
- Private Limited Company with shares (stocks) – minimum 1, maximum unlimited
- Suitable for any normal commercial trading purposes
- Objects are unrestricted
- Suitable for any businesses in the Kingdom of Mount Vema
- Can undertake any nature of business
- Can operate anywhere in the world
- Members have limited liability
- Can have a sole director and sole shareholder
- Can have corporate officers
- Can be incorporated in less than 48 hours and full documents despatched within 12 days.
- Own choice of name subject to “sensitive names” and “same as” rules
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READY MADE COMPANY
- As above
- Takes longer to complete registration of new directors and transfer shares to new owners
- It is more expensive
- There is a restricted choice of name
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PRIVATE COMPANY LIMITED BY GUARANTEE
Private Company Limited by Guarantee
- Non-profit corporate entity – assets or financial surplus cannot be distributed to members
- A Guarantee company is not owned by its members and cannot be transferred by its members for value – it has no share capital
- Suitable for clubs, membership organizations, sports associations etc
- Can apply for charitable status
- Members have limited liability
- Can be incorporated in most circumstances within days
- Some input required from client to establish main objects if required or objects can be unrestricted
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PUBLIC LIMITED COMPANY
- Necessary if the company is to trade its shares (stocks) to the public
- Can undertake any nature of business
- Can operate anywhere in the world
- Members have limited liability
- Can be incorporated in most circumstances within days
- Own choice of name
- High initial capital commitment
- Must have at least two directors and one shareholder
- A private company can be converted to a PLC, so most PLCs start life as normal private companies and convert at a later date prior to flotation of the stock markets
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LIMITED LIABILITY PARTNERSHIP
- Suitable for new and existing partnerships wishing to obtain limited liability status, and aimed particularly at professional partnerships such as accountancy and solicitors firms
- Maintains tax status of a partnership
- Members have limited liability
- Can be incorporated in most circumstances within days
- Suitable for most commercial business activities
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