Commercial Information

Commercial Information

Since Lehmark's founding a total of 4 companies have been legally registered and created by Letters Patent.

The majority of Lehmark's commercial development has been in the areas of finance or investment based, website services, legal services or souvenirs. A small minority of Company's registered provide a service internally to the Citizens of Lehmark. Its these internal services which take Imperial Florins as the main form of currency payment.

Lehmark is lucky enough to have one of the most advanced micronational economics. While GDP and economic cycles are slow, it nonetheless represents a strong leap towards economic development and prosperity.

Citizens and foreign investors are able to have a company registered in Lehmark by following the procedure found after the Register. Those foreign investors who do register a company in Lehmark will be subject to Lehmark company taxation.

A Register of currently Registered company can be found below. This Register contains more information on their respective sector as well as contact and website information for each company. Click the title to be taken to the main website for that Company.

You will find as well that each Company is listed in the order of its foundation. Providing a look at the economic history and development of Lehmark's economy.

Commercial Business Registration Information and Application

NOTE: Ensure You Understand Your FORM OF BUSINESS Before Applying!

Sole Trader Information

    • Defined as a single person directed Form of Business.

    • Sole Traders are personally liable for all debts.

    • Can Hire Employees

    • Must pay wages in accordance with the National Wages Legislation.

    • All Forms of Business must keep records and transactionary accounts for a minimum of 5 years.

Partnership Information

    • Defined as a Agreed and Contracted Partnership formed between Parties with the intent and purpose of running a business for profit.

    • Partners in a Partnerships are jointly liable for the business they have undertaken and associated debts. Partners will act as Agents and have mutuality of rights and responsibilities. Partners must have an active role in the running of the business. Partners must Agree to a sharing of profits. Retiring Partners are only liable for debts taken on during their Partnership, as with a new Partner would only be liable for debts after they joined the Partnership.

    • Partners are bound to act within the boundaries established by their Partnership Agreement.

    • Can Hire Employees

    • Must pay wages in accordance with the National Wages Legislation.

    • All Forms of Business must keep records and transactionary accounts for a minimum of 5 years.

Company Information

    • Defined as a Agreed and Contracted Formation of the Company, with a Director, Board of Directors and Shareholders. Companies are separate legal entities, with a defined scope of liability (limited by shares or guarantee, unlimited or no liability placed upon Shareholders).

    • Liability Definition:

      • Limited by Shares: Shareholder liability is limited to the amount unpaid remaining on said Shares. This is the most common type of company.

      • Limited by Guarantee: Shareholder liability is limited to the amount they have agreed to contribute if the company is bankrupted.

      • Unlimited Liability: Liability is not limited. These Companies are typically Investment and Mutual Funds.

      • No Liability: Shareholders have no liability to pay any calls on their shares but Shares can be forfeited.

    • Can be Private or Publicly listed.

      • Private Companies: Must have at least 1 Shareholder and 1 Director, who may be the same person. Will have Shareholders made up of the Director, and Board of Directors. Private Companies, are limited in Share size via the size of Company debt and limited in Shareholder numbers and is limited to 20 Shareholders.

      • Publicly listed companies: Must have at least 1 Shareholder (with no upper limit) and 3 Directors, who may be the same person. Will have Shareholders made up of the Director, Board of Directors and Members of the Public who have purchased Shares on a Share Market. With no limit on Shareholders.

    • Companies have a "Corporate Veil" meaning they are separate legal entities and thus Directors, are not personally liable for debts.

    • Companies are bound to act within the boundaries established by their Company Agreement.

    • Can Hire Employees

    • Must pay wages in accordance with the National Wages Legislation.

    • All Forms of Business must keep records and transactionary accounts for a minimum of 5 years.

Trust Information

    • Trusts in Lehmark will most likely function as a Business(/Trading) or Express(/Trading) Trust. With aspects of the below Categories of Income Distribution: Definitions:

      • Express or Business Trusts: Whereby the Trust has established and intentionally set up in a Trust Deed. Superannuation Funds are best suited to this form of Trust.

      • Trading Trust: Whereby the Trust is carrying on a business. Trading Trusts must be established as a Business Trading Trust with a defined Agreement. The Business is the Trust Property.

    • Categories of Income Distribution:

      • Discretionary Trust: Whereby the Trustee has choice when distributing income and assets to beneficiaries. Can choose the best distribution option, distributions do not need to be even between beneficiaries.

      • Unit Trust: Whereby unit holders own a distinct number of units within the Trust, the amount of units they possess determine amount of income. This Trust is best utilised when forming an Investment or Mutual Fund.

      • Fixed Entitlement Trust: Where the Trustee has no choice regarding distributions. Each beneficiary is entitled to a fixed and permanent amount, based on the Trust Agreement.

    • Can Hire Employees

    • Companies can be registered as a Trustee of a Trust and can apply the Corporate Veil to the Trust, separating the Director from the debt of the Company.

    • Otherwise for all other Trusts, Trustees are all personally liable for the debts of the Trust.

    • Trustee's are bound to act within the boundaries established by their Trust Agreement.

    • The Trustee is the person appointed to hold the Trust Property on behalf of said Trusts Beneficiaries.

    • Must pay wages in accordance with the National Wages Legislation.

    • All Forms of Business must keep records and transactionary accounts for a minimum of 5 years.

Commercial Business Registration Application Requirements

  • A Business Plan and Financial Report; unless it is a newly created Business then only a Business Plan is needed.

  • Establish a Business Banking Account with the Imperial Bank of Lehmark. Follow this link to begin the Application.

  • Agreements By Business Form

    • A Partnership Agreement needs to establish: The Partners, their responsibilities, the nature of the business your undertaking, and the Agreement also needs to outline the Functionality of the Partnership and business.

    • A Company Agreement needs to establish: The Directors, their responsibilities, the Shareholders (and nature of liability) , the nature of the business your undertaking, and the Agreement also needs to outline the Functionality of the Company and businesses.

    • A Trust Agreement needs to establish: The Trustees, their responsibilities, the Beneficiaries, the nature of the business your undertaking, and the Agreement also needs to outline the Functionality of the Trust and Trust/Associated; Investment Fund, Superannuation Fund, or Business and the like.

Company Contribution and Registration Fees

Lehmark abolished Company Taxes and replaced it with a Contribution and Registration Fee, we recommend visiting this section of the Department of Treasury for detailed information on:

  • Reporting Time Frames

  • Business Scale of Charges

  • Business Definitions

Application Information

  • Once the above information has been correctly provided to the Department of Internal Affairs ("the DOIA"), the DOIA will review the information and will respond to the provided email address within 3 months.

  • If the DOIA finds the information to be acceptable, you will receive your Letters Patent and Lehmark Business Number - your information will then be direct to the Department of Treasury who will issue invoices for registration costs and discuss with you the taxation process.

  • If the DOIA finds the information to incomplete or requiring further information they will contact you requesting such information.

  • If the DOIA rejects your application you will be informed and will also be informed of the reasons. It will then be up to you to rectify the issue and try again.

Legal Disclaimer

Any company that chooses to register in The Empire of Lehmark does so at their own risk. Foreign Forms of Business are able to register their Forms of Business within the Empire of Lehmark for taxation purposes however as Lehmark is an unrecognised micronation, registering in Lehmark for taxation purposes may be deemed illegal by other macronations and could incur penalties and charges. Foreign Forms of Business who do register within Lehmark accept all responsibility and liability should such legal action be brought against them. Lehmark is therefore not responsible for legal actions brought against any foreign Forms of Business because of this registration. Foreign Forms of Business are advised to determine their legal status and obligations prior to registering with the Empire of Lehmark. The Empire of Lehmark formally advises that foreign Forms of Business who do register only do so for the novelty of having such a registration.

Business Register of Lehmark

Lehmark Business Number: 765-755-98/K

Lehmark Broadcasting Corporation will become the first company in Lehmark to televise regular programming. The first program featured will be LEHMARKNEWS1, and in time we are hoping to begin production of our own television series.

In time Lehmark Broadcasting will also be able to offer advertising services to Lehmark Citizens and other micronations as the station grows in popularity.

Registration Date: 20 July 2020

Registration Renewal Date: 31 August annually

Lehmark Business Number: 765-912-08/K

Empire Holdings and Investments was Lehmark's first registered company, and provided Lehmark with the ability to create a financial investment sector and thus provide investment services to Citizens, and the Imperial Government.

Empire Holdings and Investments merged with Lehmark Bullion Trading on 16 May 2020, and was re-registered as Lehmark Investment Corporation.

Registration Date: 10 July 2019/16 May 2020

Registration Renewal Date: 31 August annually

Lehmark Business Number: 765-746-45/K

Lehmark Law & Associates represents Lehmark's first professionally educated service, and provides legal services in the fields of Constitutional, Civil, Criminal and Environmental Law as applies to the jurisdiction of the Empire of Lehmark.

Lehmark Law & Associates provides independent professional legal advice to the Imperial Government and its Departments and Agencies, Lehmark Registered Enterprises and Citizens of the Empire.

Registration Date: 6 November 2019

Registration Renewal Date: 31 August annually

Lehmark Business Number: 765-348-85/K

Micronational Web Services is a government owned company, and was created to fill a hole in the Micronational Market - namely website design and publishing services, therefore Micronational Web Services provides these services to other micronations. Be they new or mature they can all access this cheap service.

Registration Date: 23 February 2020

Registration Renewal Date: 31 August annually

Lehmark Business Number: Not Applicable

The Lehmark Store is a government owned company. The Lehmark store was founded to sell souvenirs, such as clothing items and mugs.

    • CEO: Imperial Government of Lehmark

    • Email: Not Applicable

Registration Date: Not Applicable

Registration Renewal Date: Not Applicable