Private Limited Company with shares (stocks) – minimum 1, maximum unlimited
Suitable for any normal commercial trading purposes
Objects are unrestricted
Suitable for any businesses within 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
The Basics A Mount Vema limited company is a legal entity, which in the eyes of the law, is a separate “person”. This basic principle means that a company can hold assets in its own right, conduct business, employ people, it can sue and be sued, and importantly it can outlive its directors and shareholders.
The shareholding of a limited company determines its ownership and the business can be transferred in part or in whole to other owners by a simple transfer of shares. This is a significant advantage over a sole trader or traditional partnership.
Another major benefit to individuals conducting business through a limited company as opposed to being a sole trader, or as part of a partnership, is the principle of limited liability. This means that the shareholders/owners of a business as a limited company do not risk their own personal assets should the company fail and enter administration. Limited liability restricts the ability of an administrator to recover any shortfall from a company’s shareholders to the limit of the value of shares registered in a shareholder’s name that are unpaid at the time of entering administration.
The Company Formation service for private companies limited by shares allows you to choose the trade name of your new company, subject to availability, and structure your company however suits you. All company formations are submitted electronically as soon as orders are received and your company will normally be incorporated within 48 hours of ordering. Your full company pack will be despatched 12 days after the day your company is incorporated.
