Post by King James I on May 15, 2007 19:11:15 GMT
What is Klemmen St?
Klemmen street is the online business capital of Jamzinia, home of the Jamzinian Stock Market. Klemmen St holds business records, and collects information on their profits/losses, and general financial situation. Shares can be bought and sold in Klemmen Street. All Jamzinian businesses must register with Klemmen St. From then on, Klemmen St tracks their financial situtation. Klemmen Street may request financial reports including incomes, expenditatures, profits, losses and details of loans. Should a business fail to provide neccesary reports, Klemmen St may persue legal action in the Jamzinian online Courts.
How do I register my business?
Businesses can be registered in the "Business Registration" thread. The format is explained there. Failure to register on the list will lead to the business being closed down and possible legal action imposed upon the business owner. (Legal action is obviously only Jamzinian online action that may result in a JD fine. It's nothing serious)
How do I trade on the stock market?
To trade on the stock market you must either be a registered business willing to sell, or an individual willing to buy. In the registration of a business, the business owner must state whether the business is to be a Public Limited Company (PLC), or a Private Company (PC). A Public Limited Company will be able to trade shares, and may therefore offer stakes of the company for sale on the stock market. A private limited company may not sell stakes of the business and may only sell the business as a whole. A Private Limited Company means any profits are kept by the owners, however, any debt may also be bestowed upon the owner's personal assets. A Public Limited Company's profits must be shared out among it's shareholders. Profits must be distributed among shareholders. The ammount that each shareholder is given depends upon the stake the shareholder owns. If a share holder owns 10% of the company, the shareholder must be given 10% of the profits. The shareholder must then recieve their share of the profits on a monthly basis. The shareholder payments will be dealt with by Klemmen Street, so businesses have no need to worry about them.
All shares bought and sold must be listed in the relevant sections of the stockmarket. A company or individual wishing to sell must list their shares for sale on the "Sales Market". A business decides upon how much they wish to ask for their shares, but Wall Street provide valuations for potential buyers.
If my business is a Public Limited Company who owns it?
A public limited companies ownership depends upon the number of shares each shareholder owns. Ownership of 51% of the shares results in control of the business.
What does it mean to be 'in control' of a PLC Business?
Being in control of a PLC business (51% or more of the shares) gives you the option of buying the remaining 49% of the shares and delisting the company. In this instance Klemmen Street values the business and informs you of the cost it will take to buy the remaining shares. If you agree to this ammount, Klemmen st will transfer all shares of the company to you, taking the cost of these shares and distributing it to the shareholders in ammounts depending upon their stakes.
Please ensure you ask any other questions bellow.
Klemmen street is the online business capital of Jamzinia, home of the Jamzinian Stock Market. Klemmen St holds business records, and collects information on their profits/losses, and general financial situation. Shares can be bought and sold in Klemmen Street. All Jamzinian businesses must register with Klemmen St. From then on, Klemmen St tracks their financial situtation. Klemmen Street may request financial reports including incomes, expenditatures, profits, losses and details of loans. Should a business fail to provide neccesary reports, Klemmen St may persue legal action in the Jamzinian online Courts.
How do I register my business?
Businesses can be registered in the "Business Registration" thread. The format is explained there. Failure to register on the list will lead to the business being closed down and possible legal action imposed upon the business owner. (Legal action is obviously only Jamzinian online action that may result in a JD fine. It's nothing serious)
How do I trade on the stock market?
To trade on the stock market you must either be a registered business willing to sell, or an individual willing to buy. In the registration of a business, the business owner must state whether the business is to be a Public Limited Company (PLC), or a Private Company (PC). A Public Limited Company will be able to trade shares, and may therefore offer stakes of the company for sale on the stock market. A private limited company may not sell stakes of the business and may only sell the business as a whole. A Private Limited Company means any profits are kept by the owners, however, any debt may also be bestowed upon the owner's personal assets. A Public Limited Company's profits must be shared out among it's shareholders. Profits must be distributed among shareholders. The ammount that each shareholder is given depends upon the stake the shareholder owns. If a share holder owns 10% of the company, the shareholder must be given 10% of the profits. The shareholder must then recieve their share of the profits on a monthly basis. The shareholder payments will be dealt with by Klemmen Street, so businesses have no need to worry about them.
All shares bought and sold must be listed in the relevant sections of the stockmarket. A company or individual wishing to sell must list their shares for sale on the "Sales Market". A business decides upon how much they wish to ask for their shares, but Wall Street provide valuations for potential buyers.
If my business is a Public Limited Company who owns it?
A public limited companies ownership depends upon the number of shares each shareholder owns. Ownership of 51% of the shares results in control of the business.
What does it mean to be 'in control' of a PLC Business?
Being in control of a PLC business (51% or more of the shares) gives you the option of buying the remaining 49% of the shares and delisting the company. In this instance Klemmen Street values the business and informs you of the cost it will take to buy the remaining shares. If you agree to this ammount, Klemmen st will transfer all shares of the company to you, taking the cost of these shares and distributing it to the shareholders in ammounts depending upon their stakes.
Please ensure you ask any other questions bellow.
