акционерное общес тво

[Renee Stillings | Alinga]

Basically, yes, that is correct. Often it is translated as "stock company" 
or "joint-stock company" but it is essentially an incorporated company. At 
it not so new - surely has been around from the early 90s at least. The 
"Zakon ob aktionernikh obshestv" is often referenced as the "Law on 
Joint-Stock Companies".

The other common structure for a company is the OOO - "obshestvo 
ogranichenikh obyazatelstv" - equivalent to the LLC except that it does not 
allow for flow-through income as it does in the US. Because of this, private 
stock companies, refered to as "zakritoe aktionernoe obshestvo" are about to 
be phased out as redundant, leaving OOOs and AOs (public companies).

>I have a friend in Tula who wants to know how to render  акционерное 
>общество [akcionernoe obshchestvo]into  English. Is this just 
>Inc./incorporated? Would this be a relatively  new concept in Russian?
>
> Scott Petersen
> Nagoya, Japan

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