Equity capital – when establishing a joint stock company, the minimum equity capital is LVL 25 000 (about EUR 35210). The equity capital contribution can be made only in the form of a cash investment. Founder – one or more persons can be the founder(-s) of a joint stock company, and they can be both natural persons and legal entities. The founder may be a resident or non-resident of the Republic of Latvia. Status – a joint stock company is considered a legal entity. Liability – the company is liable for its obligations to the extent of its entire property. A founder or shareholder is not liable for the joint stock company's obligations, as well as the joint stock company is not liable for the founder's or shareholder's obligations. Management body – a joint stock company is managed by a shareholders' meeting, council and board. The council is a body representing the interests of the shareholders' meeting and monitoring activities of the board. One or more natural persons can become members of the board, and they may be residents or non-residents of the Republic of Latvia.
A form of business organization that falls between a corporation and a partnership. The company sells stock, and its shareholders are free to sell their stock, but shareholders are liable for all debts of the company.
is a company that has some features of a corporation and some features of a partnership. This type of company has access to the liquidity and financial reserves of stock markets as a corporation, however, as in a partnership; the stockholders are liable for company debts and have additional restrictions of a partnership.
A company in which members invest capital to be used jointly. The members receive a share of the profits according to the size of their investment.
In some states, a form of general partnership with some of the features of a corpora-tion. Stockholders are legally liable for the debts of the company.
a business association with fixed capital divided into negotiable shares and is approximately equivalent to an English public company
a company the capital stock of which is divided into shares
a legal entity whose capital is divided into a specified number of shares and which must have at least two shareholders
a partnership in which the affairs of the business are conducted by officers chosen by the stockholders
a special kind of partnership
a type of business partnership in which the capital is formed by the individual conributions of a group of shareholder s
An unincorporated business association with ownership interests represented by shares of stock.
An organization that falls between the definitions of a partnership and corporation. This type of company issues stock and allows for secondary market trading, however, stockholders are liable for company debts.
A joint stock company is a type of business partnership in which the capital is formed by the individual contributions of a group of shareholders. Certificates of ownership or stocks are issued by the company in return for each contribution, and the shareholders are free to transfer their ownership interest at any time by selling their stockholding to others.