|
London And Bristol Company
The London and Bristol Company came about in the early 17th century when English merchants had begun to express an interest in the Newfoundland fishery. Financed by a syndicate of investors John Guy, himself a Bristol merchant, visited Newfoundland in 1608 to locate a favourable site for a colony. Upon his return to England 40 people applied for incorporation as ''the Tresurer and the Companye of Adventurers and planter of the Cittye of london and Bristoll for the Collonye or plantacon in Newfoundland''. The company was known as the London and Bristol Company or simply the Newfoundland Company. The company was granted a charter by James I on May 2, 1610, giving it a monopoly in agriculture, mining, fishing and hunting on the Avalon Peninsula. They retained exclusive rights until 1616 when the Crown began to grant lands to others. The new grants were then initiated by the Bristol Society of Merchant Ventures. The Merchant Ventures were made up of many who had been members of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint-stock Company
A joint-stock company is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited companies. Some jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and in other countries that have adopted its model of company law, they are known as unlimited companies. In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
