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What are the basic differences between a limited liability company and a joint stock company?
Can you tell me about the basic differences between a limited liability company and a joint stock company?
Sure, a limited liability company is a type of business structure where the owners' liability is limited to the amount of their investment. On the other hand, a joint stock company is a business structure where each shareholder's liability is limited to the amount of their investment as well. However, joint stock companies issue stock certificates to their shareholders, which allows them to transfer ownership and raise capital more easily.