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A special and by far less common form of joint-stock companies, intended for companies with a large number of shareholders, is the publicly traded joint-stock companies, called allmennaksjeselskap and abbreviated ASA. A joint-stock company must be incorporated, has an independent legal personality and limited liability, and is required to have ...
The context for Adam Smith's term for "companies" in The Wealth of Nations was the joint-stock company. In the 18th century, the joint-stock company was a distinct entity created by the King of Great Britain as Royal Charter trading companies. These entities were sometimes awarded legal monopoly in designated regions of the world, such as the ...
A joint-stock company is a company owned by several, generally private, investors. They’re an in-between creation, held more closely than a public company but more widely traded than a partnership.
The Charter of the Massachusetts Bay Company was an English royal charter which formally incorporated the joint-stock company for the colonization of Massachusetts Bay.The charter, granted by Charles I of England in 1628, defined the regulations of the company, the land it would be granted, as well as the rights and privileges of the colonists.
There were two types of corporations at work in the Upper Canadian economy: the legislatively chartered companies and the unregulated joint stock companies.These two business forms had different legal standing; chartered corporations had a "separate personality" - they were a legal person quite distinct from its members or shareholders, a legal fiction which protected those shareholders with ...
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A shareholder benefit (株主優待, kabunushi yūtai) is an incentive system offered by a joint-stock company to its shareholders who own a certain number of stocks on the date of right allotment . Overview