What is a JSC?

JSC stands for Joint Stock Company, which is a type of business entity where the company's capital is divided into shares owned by shareholders. JSCs allow for the transfer of shares and often have more complex structures compared to other business forms. They are commonly used because they provide limited liability to shareholders, meaning their personal assets are protected from company debts. JSCs can be either publicly traded or privately held, depending on the jurisdiction and the company's choice. This structure is widely used in many countries for medium and large enterprises.