Entrepreneurship Act, 1760

[Office of the Registry 2323]

ACT OF THE IMPERIAL DIET

 

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ENTREPRENEURSHIP ACT, 1760

10 Sun’s Smile

Introduced in the Senate

Passed through the Imperial Senate Session of 1758-1760.

 

AYE

Christiansen

Basrid

May

Stafyr

Rutledge

Elwitt

Vladov

Drumm

 

 

PROMOTION OF ENTREPRENEURSHIP AND SMALL BUSINESS ACT OF 1760

 

 

INTRODUCTION:

To promote the growth of entrepreneurship and small business within the Empire, it is vital to provide the means to do so. This will create the Company Registry, which shall keep track of all the companies operating within the Empire. It shall grant discounts to new businesses wanting to buy property, and grant tax breaks to these new companies as well.

 

 

SECTION I:

The Imperial Company Registry

 

1. A Registry shall be created in the Ministry of the Treasury. The task of this Imperial Company Registry (ICR) shall be to register all the companies licensed for operation within the HOE.

   1. Upon the passage of this bill, already existing companies will have a period of two saint’s weeks to register themselves in the ICR. 

   2. All new companies that wish to operate within the HOE must register themselves with the ICR before starting operations.

2. The Imperial Company Registry shall be in charge of ensuring that all companies eligible for discounts and tax breaks receive said aids in the establishment of their companies.

3. Properties that are used for the purpose of operating a business will no longer be registered in the name of the owner of the Company, but rather in the name of the company itself.

 

 

SECTION II:

Defining discounts

 

1. A discount of 50% of the price of property shall be made available to new companies that fit with the following eligibility:

   1. Be a company registered in the ICR.

   2. The company has no property registered in its name.

   3. The company is not a sub-company of a mother company.

 

 

SECTION II:

Defining tax breaks

 

1. A company shall be eligible for a tax exemption over the course of two Saint’s weeks the company fits with the following eligibility:

   1. Be a company registered in the ICR.

   2. The company has purchased its FIRST property within the last Saint’s week.

 

 

Introduced by Senator Lauritz H. Christiansen on 10 G.T., 1760 

 

Cosponsored by Senator Urrigon Drumm

 

Issued and proclaimed,

HIS IMPERIAL MAJESTY, Peter III Anthony, Holy Orenian Emperor, King of Curon, Renatus, Salvus, and Seventis, King-Elect of Kaedrin, Prince of Malinor, Protector of the Heartlanders, Highlanders, and Farfolk, etcetera.