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A [[Limited Liability Imperial Charter]], abbreviated [[LIC]], is an Imperially granted charter allowing a [[company]] or [[corporation]] to engage in [[Interstellar Commerce]]. | A [[Limited Liability Imperial Charter]], abbreviated [[LIC]], is an Imperially granted charter allowing a [[company]] or [[corporation]] to engage in [[Interstellar Commerce]]. | ||
* Some also refer to it as [[Limited liability Imperial Charter]] among other variants. | * Some also refer to it as [[Limited liability Imperial Charter]] among other variants. | ||
* It is a kind of [[Business Charter]]. | * It is a kind of [[Business Charter]]. | ||
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== Description ([[Specifications]]) == | == Description ([[Specifications]]) == | ||
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. | 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. |