The limited liability company first appeared in Germany at the end of 19. Limited company basically absorbs the advantages of unlimited company and joint-stock company, and avoids their disadvantages, which is especially suitable for small and medium-sized enterprises. The earliest limited liability company legislation is the German limited liability company law of 1892. Later, France 19 19 and Japan 1938 also enacted the limited company law.
Limited by Share Ltd was born in England.
1555, the Queen of England chartered to trade with Russian companies, resulting in the first modern joint stock limited company. It is generally believed that joint-stock companies originated from colonial companies established by Britain, the Netherlands and other countries in the17th century. For example, the famous British East India Company and the Dutch East India Company are the earliest joint-stock companies. 1807 "French commercial code" made a complete and systematic provision for joint stock limited company for the first time. Today, joint stock limited company has become the leading company form in the western capitalist world.