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Question
- what type of company was the virginia company?
a. limited liability company
b. joint-stock company
c. corporation
d. sole proprietorship
The Virginia Company was a joint - stock company. Joint - stock companies were common in the era of colonial expansion, where investors pooled their capital (bought shares) to fund ventures like the colonization of Virginia. Limited liability companies as we know them today didn't exist in that form, a corporation in the modern sense was not the case for the Virginia Company, and a sole proprietorship is a business owned by one person, which the Virginia Company was not.
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b. Joint - stock company