"What is a Limited Liability Company and How Does it Function Economically?"


What is the economic type of a limited liability company and how can it be expressed in English?

2023-06-04 05:07

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A joint-stock corporation is a type of economic organization that is owned by its shareholders. The ownership of the company is divided into shares, where each shareholder owns a certain number of shares, which represents their ownership interest in the company. The purpose of this type of organization is to raise capital from investors to finance the company's operations and future growth. The liability of the shareholders is limited to the amount of their investment, which means they are not personally liable for the company's debts. This type of organization is commonly used by large multinational companies due to the ease of raising capital and transferring ownership.

Release time 2023 06 04

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