Question

Fill in the blanks with appropriate words in the following sentences:
The first stage of the formation of a Joint stock company is ________.

Answer 1

A joint-stock company is a business entity regarded as an artificial person where the funds for running the business is raised through issuing shares to public and the shares of the company's stock can be bought and sold by shareholders.

The first stage of the formation of a joint stock company is planning and the feasibility analysis about the affairs of the company which is to be formed.