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Sentence Examples. This was mainly based around the activities of the East India Company, a large joint-stock company based in London. The investor in the future large complex will be a joint-stock company in which well-known business people will participate. He said Xinhua Bookstore intends to restructure itself into a joint-stock company.
JOINT-STOCK COMPANY sentences | Collins English Sentences. These examples have been automatically selected and may contain sensitive content that does not reflect the opinions or policies of Collins, or its parent company HarperCollins.
a company or association consisting of individuals organized to conduct a business for gain and having a joint stock of capital represented by… See the full definition Menu Toggle
JOINT-STOCK COMPANY definition: 1. a business that is owned by the group of people who have shares in the company 2. a business…. Learn more.
- What Is A Joint-Stock Company?
- Characteristics of A Joint-Stock Company
- Types of Joint-Stock Companies
- Benefits of A Joint-Stock Company
- Joint-Stock Company vs. Public Company
- A Short History of Joint-Stock Companies
- The Bottom Line
A joint-stock company is a business owned by its investors, with each investor owning a share of the company based on the amount that they've invested. It is a predecessor to the modern-day corporation and other types of registered companies in the U.S. Joint-stock companies were created to finance endeavors that were too expensive for an individua...
Shareholders of a joint-stock company had unlimited liability for company debts. In the U.S., the legal process of registering as a corporation or limited liability company reduces liability to the face value of stock owned by the shareholder or the contribution of the LLC member.In Great Britain, the term "limited" has a similar meaning. The share...
Registered Company
A company registers with state and local authorities to be legally allowed to conduct business in the organizational form it selects (e.g., corporation, S-corporation, limited liability partnership, limited liability company, etc.).
Chartered Company
This is a company that is incorporated under a nation's royal charter. Chartered companies may have certain privileges that relate to conducting their business operations.
Statutory Company
A statutory company is one that is established by an act of a nation's legislature to provide public services that benefit the populace. The company's responsibilities and privileges are detailed by the act.
A joint-stock company can access large amounts of money via numerous shareholders that can be used to build a business.Shareholders have a direct say in decisions relating to the management of the company. They also have the right to elect the board of directors.Shares of public companies can be bought and sold freely on stock exchanges. Shares of private companies may be traded as allowed or restricted by the company.Today's joint-stock companies provide shareholders limited liabilityfor debts that a company incurs.While a joint-stock company is not a specific, legal form of a business entity in the U.S., the term could be used to describe a corporation, partnership, limited liability company, or public company—in fact, any company with more than one shareholder. The joint-stock company has a historical association with unlimited liability and the potential f...
There are records of joint-stock companies being formed in Europe as early as the 13th century. However, they appear to have multiplied beginning in the 16th century, when adventurous investors began speculating on opportunities to be found in the New World. European exploration of the Americas was largely financed by joint-stock companies. Governm...
Joint-stock companies are collectively owned by shareholders. Such companies existed as early as the 13th century. Historically, they left shareholders open to unlimited liability, which did not encourage investment. Happily, corporate law has limited liability for shareholders. In the U.S., it was limited to the face value of their shares.
- Will Kenton
- 1 min
joint-stock company in British English. noun. 1. British. a business enterprise characterized by its separate legal existence and the sharing of ownership between shareholders, whose liability is limited. 2. US. a business enterprise whose owners are issued shares of transferable stock but do not enjoy limited liability.
Oct 7, 2020 · A joint stock company issues shares similar to a public company that trades on a registered exchange. Joint stock holders may buy or sell these shares freely in the market. But unlike ordinary shares or preferred shares, the shares of a joint stock company carry explicit obligations. Holders have a direct vote in company management decisions as ...
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