joint-stock company
Also known as stock company, stock corporation, joint-stock corporation
business entity which is owned by shareholders
AI overview
A joint-stock company is a business owned by multiple people called shareholders, each of whom owns a portion of the company. This structure matters because it allows many investors to pool their money together to start or expand a business, spreading both the risk and potential profits among the owners.
AI-generated from the Wikipedia summary — may contain errors.
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Doctrines
Business judgment rule