Legal analysis: The main ways of establishing a joint stock limited company are: 1. Initiation ceremony. That is, all the shares are subscribed by the promoters, and public offering is not allowed. 2. Provision and establishment. That is, the promoters only subscribe for part of the shares, and the rest are openly recruited for the society. In different countries, the provisions for establishing a joint stock limited company are different. In some countries, companies have been established. Some countries stipulate that if a joint stock limited company implements the legal capital system, it shall be established on the condition that all the shares are subscribed; A joint stock limited company implements the authorized capital system.
Legal basis: Article 77 of the Company Law stipulates that a joint stock limited company may be established by means of initiation or offering. Initiation means that the sponsors subscribe for the establishment of the company, the sponsors subscribe for a part of the shares to be issued by the company, and the rest of the shares are raised from the public or specific objects to establish the company.