There are upper and lower limits for the number of shareholders in a limited liability company, while there is only a lower limit for a joint stock limited company, that is, only the minimum number of promoters is stipulated, but only the minimum quorum of shareholders is stipulated, but the upper limit of shareholders is not stipulated. This makes the shareholders of a joint stock limited company have the greatest universality and considerable uncertainty.
Extended information limited liability company is produced on the basis of absorbing the advantages of unlimited company and joint stock limited company. It unifies human nature and capital nature:
On the one hand, its shareholders are limited by the amount of capital contribution, enjoy rights and bear responsibilities, and are joint ventures, which are different from unlimited companies;
On the other hand, because of its non-public offering, shareholders are closely related and have certain humanity, so it is different from a joint stock limited company. A company limited by shares is a complete joint venture. Its own composition and credit basis is the company's capital, which has nothing to do with the personal nature (reputation, status and prestige) of shareholders, and shareholders are not allowed to invest in personal credit and services. This complete capital combination is different from unlimited companies and limited liability companies.
References:
Baidu encyclopedia-limited liability company