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A charter is a grant of rights or authority.It was usually given to people desiring to start a colony.It is a somewhat obsolete term nowadays.

A joint stock company was formed by a collection of individuals for the purpose of making a profit.

The Commonwealth of Virginia was established by a Royal Charter.

Joint stock companies played a role in trade and development of the original thirteen colonies of the future USA.

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Q: What is the difference between a charter and joint stock company?
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