Dissolution and liquidation of joint-stock companies

Legal analysis: 1, the nature of liquidation is different. Dissolution liquidation is generally self-liquidation, and compulsory liquidation is only carried out under special circumstances. The reasons for liquidation are the agreed reasons for dissolution, the deadlock of the company or administrative punishment. Bankruptcy liquidation belongs to judicial liquidation because the enterprise is insolvent. 2. Liquidation focuses are different. 3. Liquidation initiation procedures are different.

Legal basis: Article 180 of the Company Law of People's Republic of China (PRC) is dissolved due to the following reasons: (1) The business term stipulated in the articles of association expires or other reasons for dissolution stipulated in the articles of association occur; (2) The shareholders' meeting or shareholders' meeting decides to dissolve; (3) The company needs to be dissolved due to merger or division; (4) The business license is revoked, ordered to close or revoked according to law; (5) The people's court shall be dissolved in accordance with the provisions of Article 182 of this Law.