explain limitations of join stock company
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ᴅɪsᴀᴅᴠᴀɴᴛᴀɢᴇs ᴏғ ᴊᴏɪɴᴛ sᴛᴏᴄᴋ ᴄᴏᴍᴘᴀɴʏ:
ᴅɪғғɪᴄᴜʟᴛʏ ɪɴ ғᴏʀᴍᴀᴛɪᴏɴ: ᴀᴅᴠᴇʀᴛɪsᴇᴍᴇɴᴛs: ...
ʀᴇᴄᴋʟᴇss sᴘᴇᴄᴜʟᴀᴛɪᴏɴ ᴇɴᴄᴏᴜʀᴀɢᴇᴅ: ᴛʜɪs ғᴏʀᴍ ᴏғ ᴏʀɢᴀɴɪsᴀᴛɪᴏɴ ᴇɴᴄᴏᴜʀᴀɢᴇs ʀᴇᴄᴋʟᴇss sᴘᴇᴄᴜʟᴀᴛɪᴏɴ ɪɴ sʜᴀʀᴇs ᴀᴛ sᴛᴏᴄᴋ ᴇxᴄʜᴀɴɢᴇs. ...
ғʀᴀᴜᴅᴜʟᴇɴᴛ ᴍᴀɴᴀɢᴇᴍᴇɴᴛ: ...
ᴅᴇʟᴀʏ ɪɴ ᴅᴇᴄɪsɪᴏɴ-ᴍᴀᴋɪɴɢ: ...
ᴍᴏɴᴏᴘᴏʟɪsᴛɪᴄ ᴘᴏᴡᴇʀs: ...
ᴇxᴄᴇssɪᴠᴇ ʀᴇɢᴜʟᴀᴛɪᴏɴ ʙʏ ʟᴀᴡ: ...
ᴄᴏɴғʟɪᴄᴛ ᴏғ ɪɴᴛᴇʀᴇsᴛs: ...
ʟᴀᴄᴋ ᴏғ sᴇᴄʀᴇᴄʏ:
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High taxation: Joint stock companies have to pay tax at higher rates compared to other forms of organizations.
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