4
2
7
3
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Discussions (4)

minimum number of two members to form a joint stock company. The maximum number of members reaches 50. This is a considerable difference considering that for public limited companies the minimum number of members is 7, while the maximum number is not specified.

Joint stock also called PLC has a minimum of 7 member and maximum =infinite
Private liability is 2-50

The correct answer is:
B. 2 
Explanation
A joint-stock company is a business owned by shareholders.
Minimum number of shareholders: 2
This is the smallest number required to legally form a joint-stock company.
Maximum number of shareholders: There is no strict limit for a public company, but private companies may have restrictions.
Quick Tip:
Private or public joint-stock companies need at least 2 people to start, because you can’t have a company with only one owner.

