Divide the characteristics of joint-stock businesses into groups

Pros of joint-stock businesses:

1. Each shareholder is responsible only for his invested amount of money. Serious financial risks are minimized.
2. This form of business is quite effective. For example, if one shareholder leaves the company, the rest will simply take on more tasks.
3. The process of joining a joint-stock company has almost no barriers. To become one of the founders and shareholders, it is enough to register the purchase or sale of shares.

Cons of joint-stock businesses:

1. This form requires competent management which always means high costs because not all shareholders can take on such functions.
2. Such companies have to provide the state with information about their activities on a regular basis. Only a qualified expert can organize this documentation. The services of such a specialist cost a lot of money.
3. Shareholders may have different views on the future development of the company. This can lead to the emergence of uncertainty and sometimes to the disintegration of the entire firm.

Limited responsibility, Effectiveness and stability, Unlimited number of founders, Complexity of management, Additional accountability to government, Conflict of interests

Advantages	Disadvantages