Legal analysis: the partnership does not have the legal person qualification, and the limited company has the legal person qualification, which is the main difference between them. The difference between a partnership and a limited liability company lies in that the property of the partnership does not belong to the partnership organization independently, but belongs to the partners, and the partners and the partnership bear joint and several liabilities. A limited liability company is an enterprise legal person, which operates independently according to law, is responsible for its own profits and losses, bears civil liabilities independently and enjoys civil rights.
Legal basis: Article 76 of the Company Law of People's Republic of China (PRC) shall meet the following conditions for the establishment of a joint stock limited company:
(1) The promoters meet the quorum;
(2) It has the total amount of capital subscribed or paid-in by all promoters in accordance with the articles of association;
(3) The issuance and offering of shares comply with the law;
(4) The promoters shall formulate articles of association, which shall be adopted by the founding meeting;
(5) Having a company name and establishing an organization meeting the requirements of a joint stock limited company;
(6) Having a company domicile.