Difference and connection between limited liability company and joint stock limited company

Legal analysis: a limited liability company refers to a company with a small number of shareholders, which does not issue shares, and the shares are not allowed to be transferred at will, and the shareholders bear limited liability to the company. A joint stock limited company refers to a company whose capital is divided into equal shares, and its shares are publicly issued according to law and freely transferred in the form of shares.

Legal basis: Article 9 of the Company Law of People's Republic of China (PRC). Where a limited liability company is changed into a joint stock limited company, it shall comply with the provisions of this Law. When a joint stock limited company is changed into a limited liability company, it shall meet the conditions of a limited liability company as stipulated in this Law. Where a limited liability company is changed into a joint stock limited company, or a joint stock limited company is changed into a limited liability company, the creditor's rights and debts before the company change shall be inherited by the changed company.