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What is a joint-stock company?

What is a joint-stock company? Here are some definitions.

Noun
  1. (business, finance, law, Britain) A company with transferable ownership interests and limited shareholder liability.
  2. (business, finance, law, US) A company with transferable ownership interests and unlimited shareholder liability.
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Your notary can describe the advantages and disadvantages of a joint-stock company, a limited or general partnership, or even a joint venture.
In 2006 the government transformed the MIA from public enterprise to joint-stock company.
This was mainly based around the activities of the East India Company, a large joint-stock company based in London.
The railways are owned and run by a joint-stock company controlled by the state.
The establishments may be owned by the public, an individual, a partnership, or a joint-stock company.
In a traditional capitalist joint-stock company, votes on questions of the company's direction are allotted by shares of ownership.

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