The joint stock company was the progenitor of today's corporation. A joint-stock company is a corporation owned by its shareholders, with each shareholder having a proportionate number of shares based on the number of shares purchased. Joint-stock companies are created to fund initiatives that are too expensive for a single person or even a government to fund. The owners of a joint-stock firm demand a portion of the company's profits. A joint-stock corporation is a commercial entity in which shareholders can buy and sell shares of the company's stock. Each shareholder owns a proportion of the firm stock, as demonstrated by their shares. Shareholders can transfer their shares to others without affecting the company's ability to continue operating. Each share of a joint stock firm is transferable, and if the company is public, its stock is traded on regulated stock markets. A private joint stock corporation's shares can be passed down from one generation to the next. The conditions of the agreement, as well as the presence of family members, limit the transfer.

Ananthu Sibi

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