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Joint stock companies

It is known as a company whose capital is divided into shares of equal value that can be traded in the manner specified by law. The shareholder’s responsibility is limited to paying the value of the shares he subscribed to, and he is not liable for the company’s debts except within the limits of the shares he subscribed to. It takes a trade name derived from the purpose of its establishment.

Characteristics of a joint stock company

  1. Joint stock company is one of the capital companies
  2. Joint stock company is a legal system
  3. Weak intention to participate among the contributing partners
  4. Name of the joint stock company
  5. 10% of the capital of the joint stock company
  6. Liability of the contributing partner
  7. The failure of the contributing partner to acquire the status of a merchant