Limited liability companies and joint stock limited companies are both forms of enterprise organization, but there are differences between them:
1. A limited liability company, as its name implies, is a company invested by some people. Generally speaking, it is established by shareholders with less than 50 people, only 1 corporate shareholders, and a joint stock limited company is established by shareholders with less than 200 people and 2-200 shareholders.
2. Shareholders of limited liability companies only bear limited liability, and shareholders of joint stock limited companies need to bear corresponding responsibilities.
3. Limited liability companies do not publicly issue shares, while joint stock limited companies publicly issue shares.
4. The limited liability company is relatively small, and the joint stock limited company is relatively large.
5. A limited liability company shall be liable for debts with all its assets, and a joint stock limited company shall be liable for debts with its assets.
Limited company registration process is as follows:
1. View the approved enterprise name. Fill in the enterprise name approval registration form and fill in the company name. The intranet of SAIC will search for duplicate names. If there is no duplicate name, you can use this name and issue a Notice of Pre-approval of Enterprise Name.
2. Submit the enterprise name approval registration form for online registration and approval;
3. Submit the industrial and commercial establishment materials to the Industrial and Commercial Bureau, mainly including: articles of association, letter of appointment, copy of shareholder's ID card, and house lease agreement;
4. Obtain a business license after three working days;
5. Engraving, mainly including official seal, corporate seal, financial seal and contract seal;
6. Go to the Bureau of Quality and Technical Supervision for the organization code certificate;
7, tax registration, national tax and local tax registration at the same time;
8. Open a basic account in a bank;
9. Settlement of national tax and local tax, and settlement of offices under the jurisdiction of tax offices.
To sum up, the minimum registered capital of a company depends on the requirements of industries and regions.
Legal basis:
Article 6 of People's Republic of China (PRC) Company Law
To establish a company, it shall apply to the company registration authority for registration of establishment according to law. Those that meet the conditions for establishment as stipulated in this Law shall be registered as limited liability companies or joint stock limited companies respectively by the company registration authority; Those who do not meet the conditions for establishment as stipulated in this Law shall not be registered as a limited liability company or a joint stock limited company. Where laws and administrative regulations stipulate that the establishment of a company must be approved, the approval procedures shall be handled according to law before the company is registered. The public may apply to the company registration authority to inquire about the registered items of the company, and the company registration authority shall provide inquiry services.