As well as for a limited liability company, the owners of the company's shares can be both legal entities and individuals. But, unlike a limited liability company, JSC shares can be bought and sold publicly. There is no maximum number of shares, and more shares can be issued during the life of the company. There are several types of shares, and usually the rights of shareholders to vote and receive dividends depend on the category of shares. Shareholders usually have the right to express their opinion on the direction of the business and other matters such as the distribution of profits and the appointment of the board. All shareholders' decisions are made at the shareholders' meeting. http://www.confiduss.com/en/info/blog/article/latvia-jsc-company-incorporation/