Observation of joint stock company
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A Joint Stock Company is a combination of a partnership and a corporation. A joint stock company has right to use the liquidity and fiscal funds of stock markets but also is restricted like a partnership.
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Explanation:
A company established by the stakeholders and share the stocks in the open market can called as the joint-stock company. Every shareholder owns the company stock and they will get the certificate stated with the amount of stocks, and they can transfer or sell their stocks to other. Apart from that, shareholders have the voting right to elect the directors of the company and they can access the audio report of the company every year.
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