Characteristics of a company limited by shares

The characteristics of a company limited by shares are as follows: 1. The company's share capital is divided into equal shares, the sum of which is the total capital of the company; 2. There is no upper limit on the number of shareholders, which facilitates the concentration of a large amount of capital; 3. Shareholders enjoy rights and assume obligations with their shares; 4. Corporate credit is based on capital rather than personal credit of shareholders, and it is a typical joint venture company; 5. Major events of the company must be made public; 6. There are two types of company establishment: sponsorship and subscription, and the shares are expressed in the form of shares; 7. Shareholders' shares can be freely transferred, but they cannot be withdrawn. The shares subscribed by the promoters shall not be transferred within three years from the date of establishment of the company, and the directors, supervisors and managers of the company shall not transfer the shares of the company they hold during their term of office. Advantages of joint stock limited company: 1. Can quickly gather a large number of capital, can widely gather social idle funds to form capital, which is conducive to the growth of the company; 2. It is conducive to diversifying investors' risks; 3. It is conducive to accepting social supervision. Disadvantages of joint stock limited company: 1, the establishment procedure is strict and complicated; 2. The company's ability to resist risks is poor, and most shareholders lack a sense of responsibility; 3. Large shareholders hold more equity, which is not conducive to the interests of small shareholders; 4, the company's business secrets are easy to expose.