Chartered Companies [Information]

[Charles_Grimlie 1072]

Chartered Companies

Rights & Privileges

A Chartered Company is a Company who bears a Rikkin which has obtained the rights to operate and utilize Grand Kingdom property with the authorization of The Crown and The Clan Council. As a result the Company must contribute a portion of their income due to their utilization of the Grand Kingdom’s natural resources, and they must also recognize their company as a privilege.
 
Selling Locations
The Crown shall provide Chartered Companies with locations to sell their wares legally. As part of the Licensed Vending Act, all Unchartered Companies and persons shall suffer incrimination of the Third Degree with an attempt to sell wares without an authorized permit within the Grand King’s realm.
 
Workstations
Chartered Companies are granted the ability to Operate upon the Grand Kingdom lands. The Crown, being aware that each profession requires a workstation, shall provide these areas to each company. However, there may be situations a Company must share a working area with another. Workstation equipment may not always be provided by The Crown and the improvement of certain stations may require consent of one of The Crown’s Courtiers who has been assigned the task of managing these locations.
 
Fields
A Chartered Company is allowed access to certain resources within the Grand Kingdom’s realm depending on which Fields they are recognized to operate under. A Field is known as the profession, either crafting or gathering, which a sector laborers of a Company practice.
 
Available Fields:

• Mining & Stone masonry
• Lumberjacking & Woodworking
• Smithing
• Farming
• Cooking
• Breeding
• Leather working
• Golemancy
• Fishing
• Tinkering

Kingdom owned Fields:

• Alchemy
• Enchanting

Corporate Taxation
As a preventative measure of a company claiming too many Fields and a method for the Grand Kingdom to gain profit for renting The Crown’s property a tax is implemented for each Field a Company operates. For every field a Company is required to pay a Corporate Tax, all forms of taxation shall be rounded upwards to the nearest 50 minas.

• 
  With the Disenfranchising of the Smithing Guild, all Chartered Companies bearing this Field must pay a 15% bonus on top of the Corporate Tax for a single Field.
  • 
    This calculates to: .15*(Corporate Tax*1 Field) + (Corporate Tax*1 Field), ex. .15*(100*1)+(100*1) = 115 minas
• 
  Due to Dwarvish Innovation the field of Tinkering shall be bolstered through a Corporate Tax reduction of 25% for this Field, this means any Chartered Company bearing this field will have to pay a Quarter less Corporate Tax for the Tinkering Field
  • 
    ​This calculates to: .25*(Corporate Tax*1 Field) - (Corporate Tax*1 Field), ex. .25*(100+1)+(100*1) = 75 minas
• Corporate Tax is determined by the Grand King with or without the Council of the Rikkin, or their representatives, who shall negotiate a fair or necessary sum for the Companies to contribute to the Kingdom Treasury.

[Dreek 1633]

Moved to the Great Library. It shall be sorted into appropriate category shortly.