According to the legislation of Azerbaijan Republic, entrepreneurship activity is realized in two forms: without incorporation of legal entity and by incorporation of legal entity. Practice of engaging in entrepreneurship activity by incorporation of legal entity widely spread in the country. Number of legal entities engaged in entrepreneurship activity exceeded 86 000 (eighty six thousand). Institutional-legal form of commercial legal entities was reflected in the legislation (joint-stock company, Limited Liability Company, additional liability company, complete association, limited partnership) Today the widest spread institutional-legal form of commercial legal entities in the sphere of entrepreneurship is joint-stock company. Joint-stock companies have some privileges in comparison with other institutional-legal forms of legal entities. Firstly, this institutional-legal form creates opportunity to draw shares of many persons into the incorporated company. Second, registration and alienation of shares of participant (shareholder, incorporator) of joint-stock company were thoroughly regulated by the legislation. Third, participant (shareholder, incorporator) of the joint-stock company holds the opportunity of controlling the company without interfering in its activity. Types, incorporation, registration and emission form of joint joint-stock companies and requirements on authorized capital of companies, as well were regulated by the legislation. If you want to get additional information on incorporation and activity of joint-stock company and if you need legal assistance in incorporation, registration and management of a joint-stock company, please address to “HES” law firm.