What is joint stock companies
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A joint-stock company is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares. ... Therefore, joint-stock companies are commonly known as corporations or limited companie
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Explanation:
joint stock company is a voluntary association of person with a street legal intelity particular successive and common seal the managed by elected representative of member The liability of a member is generally Limited and they can transfer their share
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