The number of shareholders of a limited liability company shall be limited to less than fifty. A limited liability company, referred to as a limited company for short, refers to an economic organization registered in accordance with the Regulations of the People's Republic of China on the Administration of Company Registration and established by shareholders with less than 50 employees. Each shareholder shall bear limited liability to the company with the amount of capital subscribed, and the company shall be liable for its debts with all its assets. Limited liability companies include wholly state-owned companies and other limited liability companies. Characteristic limited liability company is a joint venture company, but there are also some corporatization factors. It has the following characteristics: 1. Shareholders of a limited liability company are only liable to the company to the extent of their capital contribution. 2. The number of shareholders of a limited liability company is limited. According to the Company Law of China, a limited liability company consists of 65,438+0 shareholders and 50 shareholders. 3. A limited liability company cannot make a public offering or issue shares. 4. Limited liability company is a company form that combines the advantages of joint venture company and joint venture company.
Legal objectivity:
Article 23 of the Company Law The establishment of a limited liability company shall meet the following conditions: (1) The number of shareholders shall reach a quorum; (2) The capital contribution subscribed by all shareholders in accordance with the Articles of Association; (3) Shareholders * * * agree to formulate the Articles of Association; (4) Having a company name and establishing an organization meeting the requirements of a limited liability company; (5) Having a company domicile. Article 24 A limited liability company shall be established by capital contribution of shareholders with less than 50 persons.