The Virginia Company of London, the private company which established the English colony in Virginia, is also known as the London Company. It was originally chartered in April, 1606, as a subdivision of a larger company, but in 1609 it was reorganized as a separate join stock company, officially known as "The Treasurer and Company of Adventurers and Planters of the City of London for the First Colony of Virginia." The company was dissolved in 1624 and the proprietary colony of Virginia became a Royal Colony.