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===[[Haumea (dwarf planet)]]===
A '''joint stock company''' (JSC) is a type of business entity: it is a type of [[corporation]] or [[partnership]]. Certificates of ownership or [[stock]]s are issued by the company in return for each contribution, and the shareholders are free to transfer their ownership interest at any time by selling their stockholding to others.
{{Globalize/UK}}
In Britain, and elsewhere, there are two kinds of joint stock company. The [[private company]] (sometimes called an "unlisted company") is one in which the shares are not offered for sale on the open market. The shares are usually only held by the directors and Company Secretary. The purpose of shareholding in such a company is to confer the financial protection of [[limited liability]] upon the owners.


:<small>''Nominator(s): [[user:Serendipodous|Serendipodous]], [[user:Kwamikagami|Kwamikagami]], [[User:Nergaal|Nergaal]], [[user:Iridia|Iridia]] ''</small>
In contrast, a [[public company]] (sometimes known as a "listed" company) offers its shares for sale upon the open market—they are "listed" upon the [[stock exchange]]. In Britain, they are usually distinguished by the letters "PLC" after their name. The public company can raise part of its capital by a share issue, but the directors have no control over the sale or purchase of its shares. Thus, a public company can be "taken over" by another through the act of purchasing a controlling interest in the shareholding.
<noinclude>{{Wikipedia:Featured article tools|1=Haumea_(dwarf_planet)}}</noinclude>
<!-- Please don't edit anything above here; just include your reasons for nominating below. -->


Here comes "Santa"! This article shows that it really exists. [[User:Nergaal|Nergaal]] ([[User talk:Nergaal|talk]]) 23:15, 12 October 2008 (UTC)
Although not, strictly speaking, a joint stock company, a third kind of company is found in Britain. This is known as a [[guarantee company]], and is only formed by societies and organisations for charitable purposes (e.g. sports clubs, hobby groups etc.), as there is no way that a profit can be distributed. No shares are issued, but a number of named [[Board of directors|directors]] "guarantee" a specified amount of debt for which they agree to be liable. A guarantee company is usually the first step towards the creation of a [[charitable trust]].
*very funny. [[User:Zginder|Z]][[User Talk:Zginder|gin]][[Special:Contributions/Zginder|der]] 2008-10-12T23:22Z ([[Coordinated Universal Time|UTC]])
*'''Support''' ~~ This page was edited by [[User:ComputerGuy|'''ĈĠ''']] 01:33, 13 October 2008 (UTC)


'''I do generally support''', but would like to see the prose massaged throughout. Here are a few points from the top, not all of which concern right/wrong.
In Russia (the former Soviet Union) the term JSC is used for ex-State Enterprises that are now under a more free business regime. Their business conditions are somewhat different from Joint Stock Companies in western countries.
*I know it's done sometimes in AmEng, but no one can tell me why you'd write "one-third" intead of the plain unhyphenated "a third".

*Please note that MOSLINK says ''not'' to link common geographical terms such as "United States".
== Advantages ==
*"Haumea is very unusual among the known trans-Neptunian objects especially due to its extreme elongation." Don't really like "very" ''and'' "especially" ''and'' "extreme"; they do perform different amplifications, but is it possible to remove the second? More elegant: "... objects for its".
Ownership of stock confers a large number of privileges. The company is managed on behalf of the shareholders by an elected Board of Directors. Consequently, the share owner may attend an annual general meeting, and vote for directors and sometimes the principal officers. The shareholders receive an annual report, and vote upon the yearly audited set of accounts. Other resolutions upon important decisions can be put to them. There are other meetings, which may be called, either regularly or by special resolution of either the Board or the shareholders themselves.
*"due to"—repetition, although if you use my previous suggestion, that's fixed.

*"This elongation, along with other characteristics such as its unusually rapid rotation, high density, and ..." Can't it be "This elongation, along with its unusually rapid rotation, high density, and ...". We know they're characteristics, and the sentence is quite long enough without.
Of course, individual shareholders can sometimes stand for directorships within the company, should a vacancy occur, but this is unusual.
*"Have resulted from" ... a little more idiomatic, perhaps.

*"Haumea is classified as a dwarf planet, meaning that it is believed to be massive enough to"—please audit the whole text for repetitions. This is the second proximate "is believed to" (the first ellided), and also comes just after "is thought to". Why do we need it here, anyway, when you've said it's classified: "dwarf planet, thus massive enough ...".
The shareholders are usually liable for any company debts that exceed the company's ability to pay. However, the limit of their liability only extends to the face value of their shareholding.
*Please remove the bolding from the "Name" section; do that only in the lead. [[User:Tony1|<font color="darkgreen">'''Tony'''</font >]] [[User talk:Tony1|<font color="darkgreen">(talk)</font >]] 01:56, 13 October 2008 (UTC)
This concept of [[limited liability]] largely accounts for the success of this form of business organization.
::Issues resolved, I think.<b>[[User:Serendipodous|<font color="#00b">Serendi</font>]][[Special:Contributions/Serendipodous|<sup><font color="#b00">pod</font></sup>]]<font color="#00b">[[User talk: Serendipodous|ous]]</font></b> 11:15, 13 October 2008 (UTC)

'''Query''' Thanks that was an interesting read.
Ordinary shares entitle the owner to a share in the company's [[net profit]]. This is calculated in the following way: the net profit is divided by the total number of owned shares, producing a notional value per share, known as a [[dividend]]. The individual's share of the profit is thus the dividend multiplied by the number of shares that they own.
* Is Pluto the most appropriate comparator for mass, would the Moon or the Earth not be more familiar to our intended audience?

* Towards the end it refers to a 0.1% chance, is that per year or per million years? '''[[User:WereSpielChequers|<span style="color:Purple">Ϣere</span>]][[User talk:WereSpielChequers|<span style="color:Orange">Spiel</span>]][[Special:Contributions/WereSpielChequers|<span style="color:Pink">Chequers]]'''</span> 11:19, 13 October 2008 (UTC)
{{Unicode|}}
::I think Pluto is well-known enough. Everybody likes Pluto :-). The time is over the age of the Solar System. Added. <b>[[User:Serendipodous|<font color="#00b">Serendi</font>]][[Special:Contributions/Serendipodous|<sup><font color="#b00">pod</font></sup>]]<font color="#00b">[[User talk: Serendipodous|ous]]</font></b> 11:36, 13 October 2008 (UTC)

:::Thanks for the timescale, I'll concede that Pluto is familiar in that everyone will have heard of it, but I'm not sure it's mass is well enough known to use as a scale - and elsewhere we use AU for distance so comparing to Earth has precedent. '''[[User:WereSpielChequers|<span style="color:Purple">Ϣere</span>]][[User talk:WereSpielChequers|<span style="color:Orange">Spiel</span>]][[Special:Contributions/WereSpielChequers|<span style="color:Pink">Chequers]]'''</span> 15:19, 13 October 2008 (UTC)
==History==
::::Well, Pluto is a KBO, like Haumea. In that sense, it's best to compare like with like. Earth is in a totally different league to either Pluto or Haumea; people don't often grasp just how tiny KBOs are. Earth is five hundred times more massive than Pluto and 1500 times more massive than Haumea; such a comparison would be too rough to be particularly useful. <b>[[User:Serendipodous|<font color="#00b">Serendi</font>]][[Special:Contributions/Serendipodous|<sup><font color="#b00">pod</font></sup>]]<font color="#00b">[[User talk: Serendipodous|ous]]</font></b> 15:28, 13 October 2008 (UTC)
The English started joint stock companies. The earliest recognized company was the '''[[Virginia Company]]'''.[http://www.dartmouth.edu/~mkohn/Papers/14.%20Business%20organization.pdf] [http://www.blackwell-synergy.com/doi/abs/10.1111/j.1468-0289.2005.00310.x] The '''[[British East India Company]]''', sometimes referred to as '''"John Company"''', was one of the more famous joint-stock companies. It was granted an English [[Royal Charter]] by [[Elizabeth I of England|Elizabeth I]] on [[December 31]] [[1600]], with the intention of favouring trade privileges in [[India]]. The Royal Charter effectively gave the newly created ''Honourable East India Company'' (HEIC) a 21 year [[monopoly]] on all trade in the [[East Indies]]. The Company transformed from a commercial trading venture to one that virtually ruled [[India]] as it acquired auxiliary governmental and military functions, until its dissolution in [[1858]].
:::::OK that gives me a sense of the size of the thing, would it be possible to say something like "it is a third the mass of Pluto, and 1500 times smaller than the Earth." instead of "a third the mass of Pluto." '''[[User:WereSpielChequers|<span style="color:Purple">Ϣere</span>]][[User talk:WereSpielChequers|<span style="color:Orange">Spiel</span>]][[Special:Contributions/WereSpielChequers|<span style="color:Pink">Chequers]]'''</span> 18:10, 13 October 2008 (UTC)
[[Image:British East India Company flag.svg|250px|right|thumb|The British East India Company's flag initially had the [[flag of England]], the [[St. George's Cross]] in the corner.]] Soon afterwards in 1602, the [[Dutch East India Company]] issued shares on the [[Amsterdam Stock Exchange]].
:::::Perhaps in a footnote. <b>[[User:Serendipodous|<font color="#00b">Serendi</font>]][[Special:Contributions/Serendipodous|<sup><font color="#b00">pod</font></sup>]]<font color="#00b">[[User talk: Serendipodous|ous]]</font></b> 18:35, 13 October 2008 (UTC)

'''Comments''' -
During the period of [[colonialism]], the joint stock company Europeans, initially the British, trading with the Near East for goods, pepper and calico for example, enjoyed spreading the risk of trade over multiple sea voyages. The joint stock company became a more viable financial structure than previous [[guilds]] or state regulated companies. The first joint-stock companies to be implemented in the Americas were The [[Virginia Company]] and The [[Plymouth Company]].
* Please spell out lesser known abbreviations such as JPL, IAU, USGS, ABC-CLIO, etc. in the references.

* Okay, what makes http://www.mikebrownsplanets.com/2008/05/moon-shadow-monday-fixed.html a reliable source? I realise this is the discoverers website, but it looks like a blog entry.
Transferable shares often earned positive returns on equity, which is evidenced by investment in companies like the [[British East India Company]], which used the financing model to manage trade in India. Joint stock companies paid out divisions, [[dividends]], to their shareholders by dividing up the profits of the voyage in the proportion of shares held. Divisions were usually cash, but when [[working capital]] was low and it was detrimental to the survival of the company, divisions were either postponed or paid out in remaining cargo which could be sold by shareholders for profit in the firehouse
* What makes http://www.johnstonsarchive.net/index.html a reliable source? Also, this is ref 38 and it's lacking a publisher.

: Otherwise, sources look okay, links checked out with the link checker tool. [[User:Ealdgyth|Ealdgyth]] - [[User talk:Ealdgyth|Talk]] 17:18, 13 October 2008 (UTC)
It also made it affordable to support early colonists in America. [[Jamestown, Virginia|Jamestown]], for instance, was financed by the [[Virginia Company]]. It is because of joint stock companies that the colonization and settlement of America was made possible.
::ABC-CLIO is the name of a publisher. They don't appear to use their full name professionally. There is more than one reference to Brown's blog in this article; if that one's a bad source, then they all are. But, since this is the blog of the person who actually discovered the object, I think it can be considered a valid primary source. <b>[[User:Serendipodous|<font color="#00b">Serendi</font>]][[Special:Contributions/Serendipodous|<sup><font color="#b00">pod</font></sup>]]<font color="#00b">[[User talk: Serendipodous|ous]]</font></b> 18:32, 13 October 2008 (UTC)

*'''Images''': they pretty much check out, however [[:Image:EightTNOs.png]] uses images not found in the basis image; where did these images come from? <font color="#cc6600">[[User:David Fuchs|Der Wohltemperierte Fuchs]]</font><sup> <nowiki>(</nowiki><small><font color="#993300">[[User talk:David Fuchs|talk]]</font></small><nowiki>)</nowiki></sup> 20:30, 13 October 2008 (UTC)
However, in general, [[Incorporation (business)|incorporation]] was only possible by [[Royal charter]] or [[private act]], and was limited owing to government's jealous protection of the privileges and advantages thereby granted. As a result, many businesses came to be operated as [[unincorporated association]]s with possibly thousands of members. Any consequent [[litigation]] had to be carried out in the joint names of all the members and was impossibly cumbersome.

In the UK, registration and incorporation of companies without specific legislation was introduced by the [[Joint Stock Companies Act 1844]].

== Joint stock companies today ==
The principles of a joint stock company are used to organize many contemporary [[corporation|corporate]] entities, such as the American [[corporation|business corporation]], the British [[public limited company]], the French [[S.A. (corporation)|société anonyme]], the German [[Aktiengesellschaft]], the Italian [[Società per Azioni]] (S.p.A.) the Japanese [[kabushiki kaisha]], and the South Korean [[jushik hoesa]]. In some countries, "joint stock company" is used as an English translation for business forms that more closely resemble corporations.

* The [[Texas]] Joint-Stock Company has numerous vast differences when compared to a general partnership which are as follows:
# Has all the corporate characteristics, except limited liability of shareholders.
# Formed by private contract creating a separate entity.
# Recognized by a specific Texas State Statute, but not regulated by the Uniform Partnership Act.
# A shareholder cannot bind other shareholder concerning liability, etc., [http://www.proadvocate.org/Master_Deceiver.htm]

* While unincorporated joint stock companies still exist in some areas, they are generally considered an unattractive alternative to [[limited liability]] entities. Joint stock companies have recently been used in some fraudulent asset protection schemes in [[Texas]]. [http://www.quatloos.com/texas_joint_stock_co.htm]

* JSC is a designation often used in the names of Russian companies, meaning their version of the Joint Stock Company. For instance Kurganmashzavod JSC, Tulamashzavod JSC for the ex-state factories at Kurgan and Tula respectively (Mashzavod is a Russian acronym for `machinery-building plant').

==Joint Stock Companies in Russia==

A joint-stock company (AO) is a company with charter capital divided into a defined number of shares with par value. Shareholders are not liable for the company's liabilities but bear the risk of losses arising from the company's activity only for the par value of their shares. There are two types of joint-stock companies:

# Open joint-stock company ({{lang-ru|[[:ru:Открытое акционерное общество|Открытое акционерное общество]]}}, otkrytoe aktsionernoe obschestvo, abbreviated OAO) is a legal entity, whose shares may be publicly traded without permission of other shareholders. OAO can distribute its shares to an unlimited number of shareholders and sell them without limitations. The statutory minimum charter capital is 100,000 Russian [[roubles]].
# Closed joint-stock company ({{lang-ru|[[:ru:Закрытое акционерное общество|Закрытое акционерное общество]]}}, zakrytoe aktsionernoe obschestvo, abbreviated ZAO) is a legal entity, whose shares are distributed among a limited number of shareholders. The maximum number of shareholders is 50. The statutory minimum charter capital is 10,000 Russian roubles.

Founders of a joint-stock company sign a written agreement for its formation, in which procedures necessary for the setting up of the company are carried out, the size of the authorized capital, types and categories of shares to be allocated between founders, amounts to be paid for the shares, the order of settlement of payments, rights and responsibilities of founders in connection with the formation of the company. The constitutive document is the organisation charter, which contains the following information: full and brief names of the company, address of the location of the company’s office, company’s type (OAO or ZAO); quantity, par value, categories of shares (ordinary, preferred) and types of preferred shares to be allocated; rights of shareholders of each category of shares, the sum of the authorized capital, structure and competence of company’s management bodies and boards, and procedures of decision-making process, order of preparation and conducting of shareholders’ general meeting, including list of issues, which are to be decided upon by qualified majority or unanimously, information about subsidiaries or representative offices; other information as prescribed in the federal law "On Joint-Stock Companies".

Joint-stock companies are required to register the issue of shares with Federal Securities Market Commission. This is to enable the shares to be traded either publicly (for OAO) or among a limited number of persons (for ZAO). For registration a set of documents should be submitted to the Federal Securities Market Commission. The procedure usually requires 30 days from the moment of receipt of documents by the registration agency.

===Limited liability companies===

[[Limited liability company]] ({{lang-ru|[[:ru:Общество с ограниченной ответственностью|Общество c ограниченной ответственностью]]}}, ''Obschestvo s ogranichennoy otvetstvennostju'', abbreviated OOO) is an entity with capital stock divided into “parts” (in Russian—''dolia'', "share"), the size of which are determined by the formation documents. A ''Dolia'' is not a security and it may not be treated as a property in strict juridical sense. It is rather treated as a property right. The owner of a ''dolia'' is not called a shareholder, but a “participant” of the OOO. The company's capital is formed by the contributions of the participants. Number of participants may not be more than 50. The statutory minimum charter capital is 10,000 Russian roubles. An OOO may not have another commercial organisation consisting of one participant as its only participant. Participants in a limited liability company are not responsible for the company’s liabilities and are responsible for losses only up to the value of their parts.

The founders of an OOO sign the formation agreement and ratify the organisation charter of the company. The formation agreement and the organisational charter are the formation documents of the company.

In the formation agreement founders of OOO commit themselves to form the company and determine the order of joint activities related to its formation. The agreement also determines the register of founders of the company, the amount of the authorized capital, and the size of each founder’s part in it, the procedure and terms of paying in contributions at the formation of the company, the responsibility of founders arising from violation of terms and procedures of paying in contributions, conditions and the order of profit distribution between participants, the constitution of company’s management bodies and boards and the order of retirement of participants.

Companies in India
all over the world the companies are treated as the most reliable type of entity to carry out the business, due to its advantages In India it is a time taking process to form the private limited company as compare to the other countries wherein the company formation does not take much time.

The most popular forms of business organisation are OOO and ZAO.

==Joint Stock Companies in Ukraine==
* ZAT (Закрите акцiонерне товариство, ЗАТ)—Ukrainian "Private joint-stock company"
* VAT (Вiдкрите акцiонерне товариство, ВАТ)—Ukrainian "Public joint-stock company"
* DAT (Державне акціонерне товариство, ДАТ)—Ukrainian "National joint-stock company"

<!--DAT or spell as Національна акціонерна компанія, НАК-->
{{Expand-section|date=June 2008}}

==Bibliography==
*{{cite book | author=Davis, J.S. | title=Essays in the Earlier History of American Corporations | edition=vols. 1–2 | location=Cambridge, MA | publisher=Harvard University Press | year=1917 }}
*{{cite journal | author=Ekelund, R.B. & Tollison, R.D. | title=Mercantilist origins of the corporation | journal=Bell Journal of Economics | volume=11 | year=1980 | pages=715–720 | doi=10.2307/3003390}}
*{{cite journal | author=Fisher, F. J. | title=Some experiments in company organization in the early seventeenth century | journal=Economic History Review | volume=4 | year=1933 | pages=177–194 | doi=10.2307/2590601 }}
*{{cite book | author=Freedman, C.E. | title=Joint-Stock Enterprise in France 1807–1867: From Privileged Company to Modern Corporation | location=Chapel Hill | publisher=University of North Carolina Press | year=1979 }}
*{{cite book | author=Hunt, B.C. | title=The Development of the Business Corporation in England, 1800–1867 | location=Cambridge, MA | publisher=Harvard University Press | year=1936 }}
*{{cite journal | author=Lobban, M. | title=Corporate identity and limited liability in France and England 1825-67 | year=1996 | volume=25 | journal=Anglo-American Law Review | pages=397 }}
*{{cite book | author=Mayson, S.W ''et al.'' | title=Mayson, French & Ryan on Company Law | year=2005 | edition=22nd ed. | publisher=Oxford University Press | location=London | id=ISBN 0-19-928531-4 }}

==External links==
*[http://www.qub.ac.uk/mgt/efirg/Corporation.pdf The History of the Corporate Business Firm]

[[Category:Legal entities]]
[[Category:Types of companies]]

[[be-x-old:Акцыянэрнае таварыства]]
[[bg:Акционерно дружество]]
[[cs:Akciová společnost]]
[[da:Aktieselskab]]
[[de:Aktiengesellschaft]]
[[et:Aktsiaselts]]
[[es:Sociedad anónima]]
[[eo:Akcia kompanio]]
[[fr:Société par actions]]
[[hr:Dioničko društvo]]
[[id:Perseroan terbatas]]
[[it:Società per azioni]]
[[ka:სააქციო საზოგადოება]]
[[la:Societas anonyma]]
[[lt:Akcinė bendrovė]]
[[hu:Részvénytársaság]]
[[nl:Naamloze vennootschap]]
[[no:Aksjeselskap]]
[[pl:Spółka akcyjna]]
[[pt:Empresa de capital aberto]]
[[ro:Societate pe acţiuni]]
[[ru:Акционерное общество]]
[[sk:Akciová spoločnosť]]
[[sr:Акционарско друштво]]
[[fi:Osakeyhtiö]]
[[sv:Aktiebolag]]
[[vi:Công ty cổ phần]]
[[tr:Anonim şirket]]
[[uk:Акціонерне товариство]]

Revision as of 20:30, 13 October 2008

Haumea (dwarf planet)

Nominator(s): Serendipodous, Kwamikagami, Nergaal, Iridia
Toolbox

Here comes "Santa"! This article shows that it really exists. Nergaal (talk) 23:15, 12 October 2008 (UTC)

  • very funny. Zginder 2008-10-12T23:22Z (UTC)
  • Support ~~ This page was edited by ĈĠ 01:33, 13 October 2008 (UTC)

I do generally support, but would like to see the prose massaged throughout. Here are a few points from the top, not all of which concern right/wrong.

  • I know it's done sometimes in AmEng, but no one can tell me why you'd write "one-third" intead of the plain unhyphenated "a third".
  • Please note that MOSLINK says not to link common geographical terms such as "United States".
  • "Haumea is very unusual among the known trans-Neptunian objects especially due to its extreme elongation." Don't really like "very" and "especially" and "extreme"; they do perform different amplifications, but is it possible to remove the second? More elegant: "... objects for its".
  • "due to"—repetition, although if you use my previous suggestion, that's fixed.
  • "This elongation, along with other characteristics such as its unusually rapid rotation, high density, and ..." Can't it be "This elongation, along with its unusually rapid rotation, high density, and ...". We know they're characteristics, and the sentence is quite long enough without.
  • "Have resulted from" ... a little more idiomatic, perhaps.
  • "Haumea is classified as a dwarf planet, meaning that it is believed to be massive enough to"—please audit the whole text for repetitions. This is the second proximate "is believed to" (the first ellided), and also comes just after "is thought to". Why do we need it here, anyway, when you've said it's classified: "dwarf planet, thus massive enough ...".
  • Please remove the bolding from the "Name" section; do that only in the lead. Tony (talk) 01:56, 13 October 2008 (UTC)
Issues resolved, I think.Serendipodous 11:15, 13 October 2008 (UTC)

Query Thanks that was an interesting read.

  • Is Pluto the most appropriate comparator for mass, would the Moon or the Earth not be more familiar to our intended audience?
  • Towards the end it refers to a 0.1% chance, is that per year or per million years? ϢereSpielChequers 11:19, 13 October 2008 (UTC)
I think Pluto is well-known enough. Everybody likes Pluto :-). The time is over the age of the Solar System. Added. Serendipodous 11:36, 13 October 2008 (UTC)
Thanks for the timescale, I'll concede that Pluto is familiar in that everyone will have heard of it, but I'm not sure it's mass is well enough known to use as a scale - and elsewhere we use AU for distance so comparing to Earth has precedent. ϢereSpielChequers 15:19, 13 October 2008 (UTC)
Well, Pluto is a KBO, like Haumea. In that sense, it's best to compare like with like. Earth is in a totally different league to either Pluto or Haumea; people don't often grasp just how tiny KBOs are. Earth is five hundred times more massive than Pluto and 1500 times more massive than Haumea; such a comparison would be too rough to be particularly useful. Serendipodous 15:28, 13 October 2008 (UTC)
OK that gives me a sense of the size of the thing, would it be possible to say something like "it is a third the mass of Pluto, and 1500 times smaller than the Earth." instead of "a third the mass of Pluto." ϢereSpielChequers 18:10, 13 October 2008 (UTC)
Perhaps in a footnote. Serendipodous 18:35, 13 October 2008 (UTC)

Comments -

Otherwise, sources look okay, links checked out with the link checker tool. Ealdgyth - Talk 17:18, 13 October 2008 (UTC)
ABC-CLIO is the name of a publisher. They don't appear to use their full name professionally. There is more than one reference to Brown's blog in this article; if that one's a bad source, then they all are. But, since this is the blog of the person who actually discovered the object, I think it can be considered a valid primary source. Serendipodous 18:32, 13 October 2008 (UTC)
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