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Joint-stock company explained

Joint-stock company explained. 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 (certificates of ownership).…

Joint-Stock Companies [ushistory.org]

The joint-stock company was the forerunner of the modern corporation. In a joint-stock venture , stock was sold to high net-worth investors who provided capital and had limited risk . These companies had proven profitable in the past with trading ventures.…