What is the difference between a corporate enterprise and a non-corporate enterprise?

Generally, an enterprise established in accordance with the Company Law is called a corporate enterprise; An enterprise originally established in accordance with the enterprise law is called an unincorporated enterprise. Their corporate governance structures are different and their management models are different. For example, companies generally have shareholders' meetings, boards of directors and managers; Non-corporate enterprises have no shareholders' meeting and board of directors, but there are workers' congresses.

A company-based enterprise, that is, a joint-stock enterprise, refers to a legal person enterprise with independent legal person property, independent operation and self-financing established by two or more investors (natural persons or legal persons). The company system is relatively perfect, with a board of directors and a board of supervisors. This form is simple and clear, which has certain protection for investors and is easily accepted by various market entities.

Other non-joint-stock enterprises are non-corporate enterprises.

References:

Definition and characteristics of company system