ADVANTAGES OF A JOINT STOCK COMPANY IN MODERN BUISNESS IN THE FUNCTION OF DEVELOPMENT OF NATIONAL ECONOMY
Abstract
According to the legal regulations in the field of Company Law, there are four basic types of companies: partnership, a limited partnership, and a limited liability company, and a joint-stock company that belongs to the company's capital. The joint stock company occupies a high place in the performance of economic activities with a large amount of founding capital. According to domestic regulations, this type of organization of a company is in certain cases regulated by the imperative norms for carrying out certain activities. Regardless of the advantages, there are also negative sides that are most viewed in the position of third parties, creditors towards a joint stock company, in the event of initiating bankruptcy proceedings or liquidation. Societies of capital due to the limited liability of members of the company towards third parties are able to accumulate huge capital that is the driving force of the development of the economy, and thus the national economy by opening the space for new jobs, increasing exports of goods and services and free circulation of capital.
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