Limited liability Imperial Charter
- Some also refer to it as Limited liability Imperial Charter among other variants.
- It is a kind of Business Charter.
Applications to receive an Imperial charter are handled by the Ministry of Commerce. The Ministry scrutinizes each one to ensure that the applicants are reputable people who can be trusted to behave honorably even in the absence of supervision. A charter is subject to periodic renewal, and this is an opportunity for the Ministry to review the company's past behavior, force it to change practices that have generated complaints, and inspect the books.
There is no fee for receiving an Imperial charter, but a 2.0% share of the company must be given to the Emperor, who will usually assign their control to a local noble.
The abbreviation 'LIC' has had multiple interpretations over time including:
- Limited Imperial Corporation
- Limited Imperial Company
- Licensed Imperial Company
However, the actual definition of LIC is Limited liability Imperial Charter.
- This fallacy even crops up in official publications on occasion.
Except for a few corporations pre-dating the Imperium (e.g. Achenaar Antilles Line, GSbAG, Kirgaasanakka Publishing, Ling-Standard Products, Makhidkarun, Naasirka, Sharurshid, Zirunkariish), all corporations engaging in interstellar commerce are required to possess such a charter. This is indicated by the letters LIC following the company name.
Outside of Imperial Space
Selected Other Business Charter Types
- AG (Aktiengesellschaft)
- Amt. (Amalgamated)
- BV (Besloten Venootschaap)
- GmbH (Gesellschaft mit beschränkter Haftung)
- Inc. (Incorporated)
- LIC (Limited Liability Imperial Charter)
- LLC (Limited Liability Company)
- LLP (Limited Liability Partnership)
- LRC (Limited Regency Corporation)
- Ltd. (Limited Liability)
- NHv (Ngekdues Hvaek)
- NTh (Ngekvol Thaeghz)
- PLC or Plc (Public Limited Company)
- SA (Société Anonyme)
- SARL (Société à Responsabilité Limitée)
- SC (Service Corporation)
- SH (Syarei Huakh)
- SIA (S'mrii Incorporated Association)
- SPRL (Société Privée à Responsabilité Limitée)
- SRO (Spolecnost S Rucenim Omezenim)
- TOO (Tovarichestvo c Ogrannichnuu Otvetstvenuu)
- ULIC (Unlimited Liability Imperial Charter)
- ZhI (Zhievr Ielinzh)