1. The difference between a partnership and a limited company is that:
The concept of (1) is different. A partnership enterprise generally refers to a for-profit organization in which all partners enter into a partnership agreement, * * * jointly contribute, * * * jointly operate, * * * enjoy the benefits, * * * bear the risks, and bear unlimited joint and several liabilities for the debts of the enterprise;
(2) The organizational nature is different. Limited company is a legal person organization, and partnership enterprise is an unincorporated organization;
(3) Shareholders bear different responsibilities. The shareholders of a limited company shall bear limited liability for corporate debts, and the partnership enterprise shall bear unlimited liability for corporate debts.
2. Legal basis: Article 3 of People's Republic of China (PRC) Company Law.
The company is an enterprise legal person, with independent legal person property and legal person property rights. The company is liable for its debts with all its property. 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.
Second, how to set up a limited partnership company
1. Meet the conditions for the establishment of a partnership as stipulated by law;
2. Pre-approval of the application name;
3. Apply to the company registration authority for registration of establishment;
4. Submit the application for registration, partnership agreement, partner identification and other documents;
5. The registration authority shall examine it according to law, and issue a business license if it meets the requirements.