Ministry Of Sound
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Ministry Of Sound
Ministry of Sound or Ministry of Sound Group is a multimedia entertainment business based in London with a nightclub, shared workspace and private members' club, worldwide events operation, music publisher (popular music), music publishing business and fitness studio. James Palumbo, Baron Palumbo of Southwark, James Palumbo is the co-founder and former chairman and CEO of the Group. He handed over the day-to-day running of the business to Lohan Presencer in 2008. In 2018, Presencer became chairman. Nightclub Ministry of Sound began as the idea of Justin Berkmann. Inspired by New York's Paradise Garage - which he described as "an amazing club. It had lights, darkness, music, quiet – everything you wanted" As opposed to striking a balance between the typical hallmarks of a live music venue, Ministry of Sound was conceived as an arena purely dedicated to sound. Berkmann stated: "My concept for Ministry was purely this: 100% sound system first, lights second, design third (in tha ...
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Limited Company
In a limited company, the Legal liability, liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by Share (finance), shares or by guarantee. In a company limited by shares, the liability of members is limited to the unpaid value of shares. In a company limited by guarantee, the liability of owners is limited to such amount as the owners may undertake to contribute to the assets of the company, in the event of being wound up. The former may be further divided in public companies (public limited company, public limited companies) and private companies (private limited company, private limited companies). Who may become a member of a private limited company is restricted by law and by the company's rules. In contrast, anyone may buy shares in a public limited company. Limited companies can be found in most countries, although the detailed rules governing them vary widely. It is also com ...
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