Joint Stock Company


A company which has some features of a corporation and some features of a partnership. The company sells fully transferable stock, but all shareholders have unlimited liability.

Use Joint Stock Company in a sentence

You should try and find a good joint stock company to invest in if you think they can make you more profit.

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A joint stock company seemed to be the safest investment for most small buyers because the stock was transferable, but limited the holders liability if the company went bankrupt.

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The joint stock company operated effectively with regards to taxes as it could determine the best way to pay the least amount of taxes and take advantage of some flexibility.

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