Legal analysis: 1, different forms of equity expression. In a limited liability company, shareholders are liable to the company to the extent of their capital contribution, and the company is liable to its debts with all its assets. In a joint stock limited company, all its capital is divided into equal shares, shareholders are liable to the company to the extent of their shares, and the company is liable to the company's debts with all its assets. 2. Limit on the number of shareholders. A limited liability company shall be established by capital contribution of less than 50 shareholders. The establishment of a joint stock limited company shall have two or more promoters, of whom more than half of the promoters shall have their domicile in China. 3. Differences in the establishment methods and processes. A limited liability company can only raise funds from the promoters, and cannot publicly raise funds, issue shares or go public. A joint stock limited company can not only set up a limited liability company, but also publicly raise funds and go public for financing. 4. The degree of standardization of organizational setup is different. Limited company is relatively simple and flexible, and its organizational structure can be stipulated in the articles of association. It can only have one director and one supervisor, and there is no board of supervisors and board of directors. Limited by Share Ltd has high requirements, so it is necessary to set up a board of directors and a board of supervisors and hold regular shareholders' meetings. On the basis of joint stock limited companies, listed companies should also invite external independent directors.
Legal basis: Article 3 of the Company Law of People's Republic of China (PRC), the 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.