Question

What are the advantages of Joint stock companies over (a) Sole trader and (b) Partnership?

Answer 1

Hey!!! Here is ur answer....
Advantages of a JOINT STOCK COMPANY :
1.Limited liability.
2. Large financial resources.
3. Continuity of existence.
4. Professional management.
Advantages of PARTNERSHIP :
a. Easy to form
b. Availability of larger resources
c. Better decisions
d. Secrecy
Advantage of SOLE PROPRIETORSHIP :
a. Easy to form and wind up
b. Quick decision and prompt action
c. Direct motivation
d. Maintenance of business secrets.

Hope it helps......