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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
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