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The Dutch later started joint stock companies, which let shareholders invest in business ventures and get a share of their profits-or losses. In 1602, the Dutch East India Company issued the first shares on the Amsterdam Stock Exchange. It was the first company to issue stocks and bonds. The Amsterdam Stock Exchange (or Amsterdam Beurs) is also said to have been the first stock exchange to introduce continuous trade in the early 17th century.
Companies that do not exist cannot issue shares of stock. Foundersâ stock means the shares of common stock that are issued in the organizational minutes or consent of the board of directors of the company when they are setting up the new business, adopting bylaws and appointing officers.ou will not find the terms âfounderâ or âfoundersâ stockâ defined in the corporations code. âFoundersâ of companies fall into the class of initial stockholder, director (probably) and officer (probably).