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jointstock company

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Incorparate HK Company
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joint-stock company

  [joint-stok]
Use jointstock company in a Sentence
–noun
1. an association of individuals in a business enterprise with transferable shares of stock, much like a corporation except that stockholders are liable for the debts of the business.
2. British. an incorporated business with transferable shares and with shareholders having either limited or unlimited liability for debts of the business.
Origin:
1800–10
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Incorparate HK Company
Professional to set up HK Company. one week only!
www.adamshk.com
Financial Dictionary

joint-stock company

A rare type of business organization characterized by some features of a partnership and some features of a corporation. Shares are transferrable and the company is assessed taxes according to corporate tax rates. However, the liability of each owner is unlimited. Joint-stock companies are established primarily because of the ease with which they are formed.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary

Main Entry: joint–stock company
see COMPANY
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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