<P> A joint - stock company is a business entity in which shares of the company 's stock can be bought and sold by shareholders . Each shareholder owns company stock in proportion , evidenced by their shares ( certificates of ownership ) . Shareholders are able to transfer their shares to others without any effects to the continued existence of the company . </P>
<P> A joint - stock company is a business entity in which shares of the company 's stock can be bought and sold by shareholders . Each shareholder owns company stock in proportion , evidenced by their shares ( certificates of ownership ) . Shareholders are able to transfer their shares to others without any effects to the continued existence of the company . </P>
a type of ownership in which the owner owns shares of stock rather than real property is called a
a type of ownership in which the owner owns shares of stock rather than real property is called a
joint - stock company
joint - stock company