What is the nature of management limited company?

Legal analysis: A limited liability company, also known as a limited company, is an enterprise legal person whose shareholders are liable to the company within the limit of their capital contribution, and enjoy the benefits according to the proportion of their shares, and the company is liable to the company's debts with all its assets. The main characteristics of a limited liability company are as follows: (1) shareholders bear limited liability with their capital contribution; (2) The company is liable for debts with its assets. When the company is liquidated, it is only liable for debts to the extent of all its assets, and creditors cannot claim claims other than the company's assets; (3) The number of shareholders of the company meets the statutory requirements.

Legal basis: People's Republic of China (PRC) Company Law.

Article 23 The establishment of a limited liability company shall meet the following conditions: (1) The number of shareholders shall reach a quorum; (2) The capital contribution subscribed by all shareholders in accordance with the Articles of Association; (3) Shareholders * * * agree to formulate the Articles of Association; (4) Having a company name and establishing an organization meeting the requirements of a limited liability company; (5) Having a company domicile.

Article 24 A limited liability company shall be established by capital contribution of shareholders with less than 50 persons.

Article 26 The registered capital of a limited liability company is the capital contribution subscribed by all shareholders registered with the company registration authority. Where laws, administrative regulations and decisions of the State Council have other provisions on the paid-in registered capital and the minimum registered capital of a limited liability company, those provisions shall prevail.