What was the advantage of a joint stock company in colonization?

The most important advantage of using a joint stock company was having the organization to recruit investors and raise enough money to attempt to establish a colony.

it provided for selection of government employees through competitive examinations. it also made it unlawful to fire or demote covered employees for political reasons or to require them to give political service or payment, and it set up a civil service commission to enforce the law.

explanation:

i think it was   tsar alexander ii