(1) There are differences between the two companies in terms of establishment conditions and raised funds.
The conditions for the establishment of limited liability companies are relatively loose, while those for the establishment of state-owned companies are relatively strict; A limited liability company can only raise funds from sponsors, not the public. State-owned companies can raise funds publicly. Limited liability companies have the highest and lowest requirements for the number of shareholders, while joint stock limited companies only have the lowest requirements for the number of shareholders, but there is no highest requirement.
(2) The difficulty of share transfer between the two companies is different.
In a limited liability company, shareholders have strict requirements on the transfer of their own capital contribution, which is more restricted and more difficult. In state-owned companies, shareholders can freely transfer their own shares, which is not as difficult as a limited liability company.
(3) The forms of equity certificates of the two companies are different.
In a limited liability company, the shareholder's equity certificate is a capital contribution certificate and cannot be transferred or circulated; In state-owned companies, the shareholder's equity certificate is a stock, that is, the shares held by shareholders are embodied in the form of shares, which is a certificate issued by the company to prove that shareholders hold shares and can be transferred and circulated.
Legal basis: People's Republic of China (PRC) Company Law.
Article 3 A company is an enterprise legal person, which has independent legal person property and enjoys legal person property rights. The company is liable for its debts with all its property.
Shareholders of a limited liability company shall be liable to the company to the extent of their subscribed capital contribution; Shareholders of a joint stock limited company shall be liable to the company to the extent of the shares subscribed by them.
Article 63 If the shareholders of a one-person limited liability company cannot prove that the company's property is independent of the shareholders' own property, they shall be jointly and severally liable for the company's debts.