The Virginia Company refers collectively to a pair of English joint stock companies chartered by James I in 1606 with the purposes of establishing settlements on the coast of North America . The two companies, called the "Virginia Company of London" (or the London Company) and the "Virginia Company of Plymouth" (or Plymouth Company) operated with identical charters but with differing territories. An area of overlapping territory was created. Within the area of overlap, the two companies were not permitted to establish colonies within one hundred miles of each other. The Plymouth Company never fulfilled its charter and its territory that later became New England was then also claimed by France.
The charters of the companies called for a local council for each, but with ultimate authority residing with the King through the Council of Virginia in England.
