Respuesta :
Joint-stock company, Virginia Company: armsMPI/Hulton Archive/Getty Imagesa forerunner of the modern corporation that was organized for undertakings requiring large amounts of capital. Money was raised by selling shares to investors, who became partners in the venture.
Answer:Popularized in 1600s
*A type of business structure used by some colonial explorers to raise money for their expeditions
*These private trading companies sold shares to investors who provided start-up funding
*In return for taking on the risk of the investment, investors were paid based on the profits of the expedition
*Many modern business structures, such as the American corporation, are founded on principles of the joint-stock company
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