A Joint Stock Company is a type of business organization where multiple investors contribute capital by purchasing shares. Each shareholder owns a portion of the company, which allows them to share in its profits and losses. This structure enables companies to raise large amounts of money for expansion and operations while limiting individual financial risk. The ownership of a joint stock company is transferable, meaning shares can be bought and sold on stock exchanges. This liquidity attracts more investors and provides a way for individuals to invest in businesses without needing to manage them directly. Examples of well-known joint stock companies include Apple and Microsoft.