Legal analysis: mainly the difference of debt commitment. When a limited company goes bankrupt, the registered capital is the bottom line of debt compensation, that is, what is the registered capital, and the debt is paid according to the registered capital. The liability of a limited liability company is limited, and the bankruptcy procedure of the company must be caused by insolvency. As a limited liability company, it only undertakes limited compensation, and all liquidation is completed within the framework of all assets of the company. In the case that all the assets of the company are not enough to pay off the debts, investors need not continue to bear the liability for compensation. There is no need for partners to continue to pay their debts in proportion.
Legal basis: Article 3 of People's Republic of China (PRC) Company Law clearly stipulates that limited liability companies and joint stock limited companies are enterprise legal persons. In a limited liability company, shareholders are liable to the company to the extent of their capital contribution, and the company is liable to its debts with all its assets. In a joint stock limited company, all its capital is divided into equal shares, shareholders are liable to the company to the extent of their shares, and the company is liable to the company's debts with all its assets. The limited company mentioned in this paper does not include joint stock limited companies, nor does it include foreign-invested enterprises.