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Disadvantage of joint stock companies, Finance Basics
Disadvantage of Joint Stock Companies
Difficult to reconstruct the capital
Many formalities in forming the company
Heavy initial capital outlay.
Loss of secrecy - poor competition
Inflexibility and thus low adaptability
Bureaucracies especially in decision making processes.
Posted Date: 1/29/2013 2:20:51 AM | Location : United States
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