It is generally believed that the earliest joint stock limited company system in the world was born in 1602, that is, the East India Company established in the Netherlands.
Because the company has the following five advantages, the company will appear:
1. The limited liability of the shareholders of the company determines that the shareholders of the investment company can not only meet the needs of investors to seek benefits, but also limit the risks they bear to a reasonable range and increase their investment enthusiasm.
2. Companies, especially joint stock limited companies, can publicly issue stocks and bonds in the society, raise funds extensively, and facilitate the establishment of large enterprises.
3. The company implements the principle of complete separation of ownership and management rights, which improves the management level of the company.
4. The unique organizational structure of the company makes the company's capital and operation tend to maximize the benefits and better realize the investors' goals.
5. The corporate form is completely divorced from personal color and is a permanent combination of capital. The personal safety of shareholders does not affect the normal operation of the company.
Therefore, the company has a long duration and high stability.
Extended data:
In the 9th century BC, Roman civilization began to rise.
In the 2nd century BC, Rome became the overlord of the Mediterranean.
At that time, a kind of societate appeared in Rome, which was a guild composed of contractors responsible for tax collection.
At first, Roman tax collection was done by knights, but with the expansion of Roman territory, knights and nobles were also limited in manpower and could not complete such work.
As a result, some craftsmen and businessmen joined hands to set up trade associations, made shields and swords for the Roman army, elected their own managers, obtained permission from * * *, and helped them collect taxes.
In fact, at this time, the prototype of the company's community (organizational form) began to appear.
16 and 17 centuries, franchise companies began to rise.
1600 65438+February 3 1, the "East India Foreign Trade Wholesaler Company and its President" with 2 18 members obtained the franchise and obtained the exclusive right to overseas trade of 15.
"East India London Merchant Trading Company" formally set up a fleet to go to sea.
Known as the "sea coachman", the Netherlands felt threatened and established the Dutch East India Company. Unlike the British East India Company, it publicly issued shares to all citizens, and it actually became the first listed company in the world.
In this way, the total investment of the Dutch East India Company greatly exceeded that of the British East India Company.
1862, Britain passed the unified company law, which later became the blueprint of the company law of all countries in the world, including limited liability companies and joint stock limited companies.
From then on, only seven people need to sign the articles of association, register a business place and call themselves "joint stock limited company"
The law also created a "limited liability" clause.
This law establishes three most important principles of modern company system: independent legal person status, limited liability and transferability of shares.