Joint stock-company
In a joint-stock company, the share capital is made up of the total contributions of the shareholders. Shares may be subject to public trading, providing an incentive to investors, who are needed for further business development. In a private company, stock can be transferred to anyone the current shareholder chooses, and usually shares are transferred under the terms of a share purchase agreement.
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Company incorporation by structure: JSC - Confidus Solutions
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Company incorporation by structure: JSC - Confidus Solutions

Joint stock company (also known as JSC) is a public company, capable of public emission and trade of shares (stocks). In many jurisdictions personal liability of the shareholders is unlimited. Formation of JSC can be a complex procedure.