As I understand it Companies & corporations didn't exist during the time of imperial Rome. Does that mean all the ships transporting commodities around the Mediterranean were directly owned by the imperial government?

by grapp

like suppose I'm the Captain of grain ship & I regularly do the run between Rome and Carthage in the 150s AD, Who do I work for?

lord_mayor_of_reddit

I think you might be confusing two different concepts here.

Business partnerships have been around a long time, where multiple people might invest in a mill or a ferry so they could run that business and reap the profits. Business loans, where someone put up capital and it was repaid at a later date, with or without interest, existed as well.

But the concept of a corporation or publicly-traded company, where a group of people would raise capital by selling stock rather than securing a business loan, and where un-associated people could then buy that stock or otherwise invest in the company and reap the profits without directly having a say in how the company was run, didn't come about until the Middle Ages.