Get premium membership and access questions with answers, video lessons as well as revision papers.

Outline some advantages of Joint Stock Companies.

      

Outline some advantages of Joint Stock Companies.

  

Answers


sharon
1.The liability of share holders is limited to the capital contributed by shares guarantee.
2.A joint stock company is going concern implying that it has perpetual existence separate
from that of the shareholders.
3.A joint stock company is an artificial legal person independent of the shareholders and it
can own its assets and liabilities.
4.The shares of a joint stock company in particular public limited company are freely
transferable.
5.The shares of a joint stock company can easily be used as security for loans making it
easy to obtain loans.
sharon kalunda answered the question on March 2, 2019 at 10:12


Next: What are the main Features of Joint Stock Companies?
Previous: Outline some disadvantages of Joint Stock Companies.

View More Introduction to Entrepreneurship Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions