Virginia Company
The Virginia Company ran Bermuda until 1613, when the colony was transferred to Sir William Wade et cetera in exchange for £2,000, who then resigned to the Crown in 1614. The Crown briefly administered the Colony directly before the adventurers (shareholders) of the Virginia Company formed a second company, the Somers Isles Company, to which Bermuda was transferred in 1615. The Virginia Company was dissolved in 1622, with the administration of its continental colony passing to the Crown. The Somers Isles Company, with its separate charter, continued to administer Bermuda for another six decades.