A joint-stock company is a company that belongs to the individuals who own its shares. It is a business entity in which people can buy and sell its stock. Each stockholder owns company stock in proportion. Stockholders can sell their stocks to others without the sale affecting the company’s existence in any way.
In the United States, shareholders can freely sell stocks of a joint stock company. However, they are liable for all debts of the company.
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Answered by Lazarus
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A joint-stock company is a company that belongs to the individuals who own its shares. It is a business entity in which people can buy and sell its stock. Each stockholder owns company stock in proportion. Stockholders can sell their stocks to others without the sale affecting the company’s existence in any way.
In the United States, shareholders can freely sell stocks of a joint stock company. However, they are liable for all debts of the company.
This post was part of TyroCity discussion forum
Answered by Lazarus