What is the difference between a limited liability company and a limited company?

What is the difference between a limited company and a limited liability company?

One: Limited companies include limited liability companies, which are divided into limited liability companies and joint-stock companies.

2. Limited liability company, also known as limited company, is an organizational form of joint-stock company. It is an enterprise legal person established in accordance with the Company Law and other relevant laws. Shareholders are liable to the company to the extent of their capital contribution, and the company is liable to the company's debts with all its assets.

A company limited by shares is referred to as a company limited by shares. All its capital is divided into equal shares, and shareholders are liable to the company with their shares. The company is liable for its debts with all its assets.

Third, whether it is a limited company or a joint-stock company, one of their major characteristics is that shareholders' responsibilities to the company are limited and limited by their capital contribution. In other words, when the company's assets are insufficient to repay the debts owed, the shareholders need not bear joint and several liabilities, that is, they need not pay off the debts for the company.

Four. A limited liability company is established by two or more shareholders with a size of not more than 50 * *, with a small number and a small scale; A joint stock limited company shall be established by more than five promoters, with no limit on the number of shareholders. All its capital is divided into equal shares. Generally listed companies.

Verb (abbreviation of verb) When there is a debt settlement problem, each shareholder of a limited liability company shall bear limited liability to the company with the subscribed capital contribution: each shareholder of a joint stock limited company shall be liable to the company to the extent of the subscribed shares.

Six: the limited liability company is a non-listed company; A company limited by shares is generally a listed company. The name of a limited liability company can be changed to a joint stock limited company, and the name of a joint stock limited company can also be changed to a limited liability company, but both must comply with the provisions of the new company law.

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