Question

What do you mean by Joint Stock Company

Answer 1

Answer:

Joint-stock company. A joint-stock company is a business owned by people called shareholders. Each shareholder owns company stock in proportion to the number of their shares (certificates of ownership). Some shareholders may own a larger proportion of a company's share than others

Explanation:

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Answer 2

In Business,a joint stock company is a type of business organisation which is owned and administered by its investors or shareholders who owns the shares of the company based on their respective investment.

Explanation:

• A joint stock company is a particular type of business organisation which is owned and operated by its investors or shareholders.
• Each shareholder or investor of any joint stock company owns a part of the company's share based on the respective amount of the company stock that they have bought.
• The shareholders or investors of joint stock company obtains respective profit shares and assume unlimited liability for company's financial debts.Therefore,shareholders or investors are solely liable to pay off any financial debts incurred by the company in the course of its business operation and any failure to adhere to this liability may result in confiscation of personal or private property or asset of the shareholders or investors.