Joint Stock Company

A joint stock company is created

A joint stock company is created by law and is considered a distinct legal entity, separate from its members. Like a real person, it can own property,

The company has its own rights

The company has its own rights and obligations distinct from those of its members. A shareholder can enter into a contract with the company they own s

This is a crucial protection where

This is a crucial protection where each shareholder's liability is limited to the amount they have invested in the company through shares. If a shareh

A company continues to exist indefinitely

A company continues to exist indefinitely regardless of changes in membership. When a shareholder dies, leaves the company, or transfers their shares

Shareholders can sell their shares

Shareholders can sell their shares to other people relatively easily, especially in public companies where shares are listed on stock exchanges. A per