Joint-Stock Company

Organizational and legal form of an entrepreneurial organization; is created on the basis of a voluntary agreement between legal entities and individuals pooling their funds by issuing shares. A.o. it can be with limited (shareholders are responsible only for the contributed capital or the amount guaranteed by them) and unlimited liability; open with free sale of shares on the market) and closed (shares are distributed only among the founders) type. Persons acquiring shares of this company are entitled to receive a share of the profit in the form of a dividend from the Supreme Body of the JSC. is the general meeting of shareholders. Between general meetings, management is carried out by a director or a board of directors elected at a general meeting. Means A.o. can be formed from the sale of shares, accumulated profits, through bank loans, issuance of bonds. For the establishment of A.o. it is necessary to conclude a notarized contract, called the charter. The charter must include: company name, legal address, an indication of the subject of activity, the amount of the authorized capital, categories and nominal value of the issued shares, the form of publications of the company, the number of members of the board. According to the civil legislation of the Russian Federation, A.o. - a company whose authorized capital is divided into a certain number of shares; participants A.o. (shareholders) are not liable for its obligations and bear the risk of losses associated with the activities of the company, within the value of their shares). The capital of A.o., formed by combining many individual capitals and cash incomes through the issuance of shares and bonds, is then increased by the profits of A.o. and issuance of new shares. Consists of equity and debt. Own capital includes: funds received from the issue and sale of shares (own share capital), and reserve capital, which is created by deductions from profits. Borrowed capital is formed at the expense of bank loans and funds from the issuance of bonds.