Question

advantage and disadvantage of join stock company

Answer 1

A joint stock company is basically one of the forms of business organizations. 
They are the private limited and public limited companies. 

Advantages:
1- Joint stock companies allow, greater capital investments. 
2- They lead to selling of shares, attracting more investors.
3- They have separate legal identity
4- They have the ability of limited liability
5- risk is shared by all
6- shares can easily be transferred 

Disadvantages:
1- If you sell too many shares, the control of your company might go into the hands of other people, in a public limited company. 
2- difficult to form
3- you depend too much on others for decision making
4- speculation about market prices of shares
5- risk of falling value of shares in market affect credibility of business name

Answer 2

advantages----

allow greater capital investment

separate legal identity

risk is shared by all