Join stock company is type of people organization in which individual combined together to achieved a common goals. They own common stock as investment and the company is usely run by board of direction elected by share holder.
Merits: 1. It has large financial resource
2. share holder have limited liability
3. since share are distributed among general public it has
greater chance of continuity.
4. professional management exist.
Demerits: 1.
Difficult to from
2. it lacks personal interest among management
3. there may be delay indecisions.
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