What is another word for joint-stock company?
Pronunciation: [d͡ʒˈɔ͡ɪntstˈɒk kˈʌmpəni] (IPA) 
A joint-stock company refers to a type of business organization where shares of ownership are sold to investors, who become owners in the company. Synonyms for joint-stock company include corporation, limited liability company (LLC), business firm, partnership, consortium, enterprise, and conglomerate. A corporation is a legal entity that is separate from its shareholders and has the ability to own property, sue and be sued, and enter into contracts. An LLC is a hybrid between a corporation and a partnership where members have limited liability for the company's debts and losses. Other synonyms for joint-stock company are used depending on the specific business model and organizational structure, but all refer to businesses that are owned and managed by multiple individuals or entities.
