Private Company Limited By Shares
COMPANY LIMITED BY SHARES
Key Points
  • Private Limited Company with shares – minimum 1 share, 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 72 hours
  • 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 72 hours after the day your company is incorporated.

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