Shareholder property is separated from company property. After shareholders invest in the company, the property constitutes the company's property, and shareholders no longer directly control and dominate this part of the property.
Shareholders all bear limited liability to the company. No matter in a limited liability company or a joint stock limited company, shareholders bear limited liability to the company, and the scope of "limited liability" is limited to the capital contribution of the shareholder company.
Different:
1, with different properties.
A company limited by shares refers to a company with shares as its capital, and shareholders are liable to the company to the extent of the shares subscribed by them.
Limited company is the most important organizational form for Chinese enterprises to implement corporate system, which refers to registration according to the Regulations of the People's Republic of China on the Administration of Company Registration.
2. Different numbers of people
China's limited liability company refers to an economic organization registered in accordance with the Regulations of the People's Republic of China on the Administration of Company Registration, which is established by shareholders with less than 50 employees. Each shareholder has limited liability to the company to the extent of the capital contribution subscribed, and the company as a legal person takes full responsibility for the company's debts with all its assets. Limited liability companies include wholly state-owned companies and other limited liability companies.
China's "Company Law" stipulates that the establishment of a joint stock limited company should have more than 2 promoters and less than 200 people. Because all joint-stock companies must be limited liability companies (but not all limited companies are joint-stock companies), they are generally called "joint-stock companies".
3. Different conditions
A joint stock limited company must have basic responsibility ability. In order to protect the interests of creditors, the establishment of a joint stock limited company must reach the statutory capital. The minimum capital of a joint stock limited company in China shall not be less than 5 million yuan. Where the minimum registered capital of a joint stock limited company with specific requirements needs to be higher than the above minimum, it shall be stipulated separately by laws and administrative regulations.
The establishment of a company shall apply for pre-approval of its name. Where laws, administrative regulations or the State Council decisions stipulate that the establishment of a company must be approved, or the business scope of the company belongs to matters that must be approved before registration according to laws, administrative regulations or the State Council decisions, the company name shall be pre-approved before being submitted for examination and approval, and the company name approved by the company registration authority shall be submitted.
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