1, the way to be responsible for the company
Shareholders of a limited liability company shall be liable to the company to the extent of their subscribed capital contribution;
Shareholders of a joint stock limited company shall be liable to the company to the extent of the shares subscribed by them.
2. Ways to raise funds
A limited liability company can only raise funds by promoters, and cannot publicly raise funds, issue shares or go public. The establishment process is as follows: signing articles of association-capital contribution by shareholders-capital verification by capital verification institutions-establishment registration;
A joint stock limited company can not only set up a limited liability company, but also raise funds from the public and go public for financing. However, the establishment process is complicated: formulating the company's articles of association-the promoters subscribe for shares and publicly issue shares to the public-capital verification-convening the founding meeting-establishment registration.
3. Limit the number of investors
Shareholders with less than 50 people contributed to set up a limited liability company, which protected the company's closure; To establish a joint stock limited company, there shall be no less than two promoters and no less than 200 promoters;
There is no limit to the number of shareholders, and the shareholders of listed companies with millions of people are all company shareholders.
4. The registered amount of the company
The minimum registered capital of a limited liability company is RMB 30,000;
The minimum registered capital of a joint stock limited company is RMB 5 million.
5. The degree of standardization of organizational setup is different.
The company is relatively simple and flexible, and the organization can be stipulated in the articles of association that there can be only one director and one supervisor, and there is no board of supervisors and board of directors;
Limited by Share Ltd has high requirements, so it is necessary to set up a board of directors and a board of supervisors and hold regular shareholders' meetings. On the basis of joint stock limited companies, listed companies should also invite external independent directors.
6. Social openness
The production, operation and financial status of a limited liability company only need to be disclosed to shareholders for inspection within the time limit stipulated in the articles of association, and the financial status is relatively confidential;
The financial and accounting reports of a joint stock limited company shall be kept in the company 20 days before the annual meeting of the shareholders' meeting for shareholders' reference; A joint stock limited company that publicly issues shares must announce its financial and accounting reports, which is difficult to operate, and it is also difficult to keep the company's financial situation confidential, and it is more likely to involve information disclosure, insider trading and other issues.
References:
Baidu encyclopedia-co., ltd
References:
Baidu encyclopedia-limited liability company