Joint Stock Company similarly as limited liability company (SIA) is considered a legal entity. The company is liable for its obligations to the extent of its entire property.
Founder can be one or more persons, and they can be both natural persons and legal entities. The founder may be a resident or non-resident of the Republic of Latvia.
Equity capital: comparing to SIA the minimum equity capital for joint stock company is much higher and amounts to EUR 35 210. The equity capital contribution can be made only in the form of a cash investment.
Management body: a joint stock company is managed by a shareholders' meeting, council and board, thus the corporate governance is more complex than SIA. One or more natural persons can become members of the board, and they may be residents or non-residents of the Republic of Latvia.