Ask Question
19 May, 00:35

Describe a joint-stock company.

+1
Answers (1)
  1. 19 May, 03:58
    0
    A joint-stock company is a company whose stock is owned jointly by the shareholders.

    A joint-stock company is a business entity in which different stocks can be bought and owned by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership).[1] That allows for the unequal ownership of a business with some shareholders owning more of a company than others. Shareholders are able to transfer their shares to others without any effects to the continued existence of the company.[2]

    In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited companies.

    Some jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and other countries that have adopted its model of company law, they are known as unlimited companies. In the United States, they are known simply as joint-stock companies.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Describe a joint-stock company. ...” in 📘 History if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers