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What is a Joint-Stock Company?

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A joint-stock company is a business entity which is owned by shareholders. Each shareholder owns the portion of the company in proportion to his or her ownership of the company's shares (certificates of ownership).[1] This allows for the unequal ownership of a business with some shareholders owning a larger proportion of a company than others. Shareholders are able to transfer their shares to others without any effects to the continued existence of the company.[2]
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why is it important?
To earn more money by investing in a company then they give you a share of money from their profit and it can sometimes be more or less
A joint-stock company (JSC) is a type of corporation or partnership involving two or more individuals that own shares of stock in the company.
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