There are the following differences between a limited liability company and a joint stock limited company: (1) Their authorities are different. Some limited liability companies have shareholders' meetings, and some have no shareholders' meetings (such as national independence). The authority of a joint stock limited company is the shareholders' meeting. (2) Their executive bodies are different. A limited liability company has a board of directors, but if the investment scale is small, it may have only one executive director instead of a board of directors. The executive body of a joint stock limited company is the board of directors. (3) Different regulatory bodies. A limited liability company has a board of supervisors, but if the investment scale is small, it can only have 1-2 supervisors. The supervisory body of a joint stock limited company is the board of supervisors. (4) A limited liability company cannot issue convertible corporate bonds, but a joint stock limited company can. (5) The scales of the two companies are different. Limited liability companies are small in scale and established according to the principles of standardization, closure and integration. Shares are generally transferred internally and no shares are issued. A company limited by shares is a public offering, with a large scale and a pure joint venture.
Zongheng Law Network-Beijing Jinglun Law Firm-Lawyer Zhu Yonggen