Joint stock company,
Definition of Joint stock company:
In the UK: The original (17th century) name for a corporation in which the liability of the owners is limited to the nominal value of the stock (shares) held by them.
In the US: Corporation with unlimited liability for the shareholders. Investors in a US joint stock company receive stock (shares) which can be transferred, and can elect a board of directors, but are jointly-and-severally liable for companys debts and obligations. A US joint stock company cannot hold title to a real property.
How to use Joint stock company in a sentence?
- Sometimes people will invest in a joint stock company if they see a big profit potential from the product they offer.
- Some businesses choose to run as a joint stock company so the investors have even more of a say in the comings and goings.
- My four siblings and I decided to start a real estate investment company, we plan on running it as a joint stock company so well all be responsible for any debts and financing equally as well as equally share in profits.
Meaning of Joint stock company & Joint stock company Definition