The business of the London Company is…

The business of the London Company is the settlement of the Virginia colony using, as the labor force, voluntary transportees under the customary indenture system whereby in exchange for seven years of labor for the company, the company provides passage, food, protection and land ownership.

The King retains ownership over the land parceled out to colonists by the London Company under the Charter of 1606, the document under which the Company is to send out its first settlers to Virginia.

The Charter declares that the inhabitants "....shall have and enjoy the liberties, franchises and immunities...as if they had been abiding and borne within this our realme of Englande..." In December 1606, the Virginia Company's three ships, containing one hundred and forty-four men and boys, sets sail from Blackwall, London.