What do you mean by limited company?

A limited company can also be called a "limited liability company", which is generally established under the conditions stipulated in the Company Law and relevant laws. A shareholder is an enterprise legal person who is responsible for the company to the extent of its capital contribution and enjoys corresponding income in proportion to its shares, and the company is liable for its debts with all its assets.

At present, limited company is the most important organizational form for enterprises in China to implement corporate system. Registration is generally carried out in accordance with the relevant provisions of the Regulations on the Administration of Company Registration. The main advantage of a limited company is that the establishment procedure is relatively simple, and there is no need to publish announcements or accounts. In particular, the relevant balance sheets of the company generally do not need to be made public, and the internal organization of the company is relatively flexible. The shortcomings of a limited company are that it cannot publicly issue shares, and the scope of funds raised and the scale of the company are generally relatively small, which is difficult to meet some needs of large-scale production and operation activities.

Article 3 of the company law

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.

Article 26 of the Company Law

The registered capital of a limited liability company is the capital contribution subscribed by all shareholders registered in the company registration authority. Where laws, administrative regulations and decisions of the State Council have other provisions on the paid-in registered capital and the minimum registered capital of a limited liability company, those provisions shall prevail.

skill

The above answer is only for the current information combined with my understanding of the law, please refer carefully!

If you still have questions about this issue, I suggest you sort out relevant information and communicate with professionals in detail.