London Company

London Company
a company, chartered in England in 1606 to establish colonies in America, that founded Jamestown, Va., in 1607.

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British trading company chartered by James I in 1606 to colonize the eastern American coast.

Its shareholders were residents of London. Three ships with 120 colonists, led by John Smith, reached Virginia in 1607 and founded Jamestown. The company expanded its territory with new charters (1609, 1612) and authorized a two-house legislature (1619), including a House of Burgesses. Though the colony prospered, the company was divided by internal disputes and was dissolved in 1624, whereupon Virginia became a royal colony. See also Plymouth Company.

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Universalium. 2010.

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