Joint-Stock Company
A joint-stock company is a type of business structure that is formed when multiple shareholders pool their resources together to form a business. Each shareholder is granted a certain number of shares in the company, which entitles them to a portion of the company's profits and voting rights.
One of the advantages of a joint-stock company is that it allows for the raising of large amounts of capital from a large number of investors. This makes it easier for the company to fund new projects and expand its operations. Additionally, shareholders are only liable for the amount they invested in the company, so their personal assets are protected if the company runs into financial trouble.
Joint-stock companies are subject to government regulations and must comply with laws related to corporate governance, financial reporting, and shareholder rights. They also issue public financial statements, which allow investors to assess the company's performance and make informed decisions about buying or selling its shares.