Advance

Limited Companies

merchant_power_from_maritime_revolutions_advance

The frequent failures of chartered companies have led to the development of a new business model: limited companies, where shareholder liability is limited to their initial investment. This protection from unlimited debt makes such partnerships far less risky and more attractive to potential investors.

Requires

Parliamentary HeelAdvancerequires

Advance tree

Industrialization
Parliamentary Heel
Limited Companies
Commerce Center
Armed Convoys then 17 more
Pottery Mill then 2 more
The Ionian Merchant Experts Only some countries
The Šumadija Agrarian Revolution Only some countries

Maritime Trade Advantage+0.03
Max Level of Trade Company Headquarters+1
Maximum Tariff+10%
Maximum Trade Subventions+10%

Requires 1

Parliamentary HeelRevolutionsRequires

Belongs to 1

RevolutionsAge

Required by 5

Advances

The Ionian Merchant ExpertsRevolutionsRequires
Commerce CenterRevolutionsRequires
Armed ConvoysRevolutionsRequires
Pottery MillRevolutionsRequires
The Šumadija Agrarian RevolutionRevolutionsRequires

age = age_6_revolutions

icon = merchant_power_from_maritime_reformation_advance

merchant_power_from_maritime = 0.025

trade_company_headquarters_level = 1

max_tariff = 0.1

max_trade_subventions = 0.1

requires = repair_at_sea_aorev