What does joint stock limited company mean?

A joint stock limited company is a type of business organization that combines the features of a joint stock company and a limited liability company. This means that the company's capital is divided into shares, and the liability of its shareholders is limited to the amount of their investment in the company. In a joint stock limited company, the ownership of the company is represented by shares, which can be bought and sold by individuals or other businesses. This allows for the easy transfer of ownership and provides a way for the company to raise capital by issuing more shares. At the same time, the limited liability aspect of the company means that the shareholders are not personally liable for the company's debts and obligations beyond the amount of their investment. This provides a level of protection for the shareholders' personal assets in the event of the company facing financial difficulties. Overall, a joint stock limited company offers a flexible and efficient way for businesses to raise capital and operate with limited liability for their shareholders. This type of business organization is often used in various industries and sectors, and it can be a popular choice for companies looking to expand and attract investment.