The difference between a limited liability company and a limited company

Legal analysis: The difference between a limited liability company and a limited company lies in the different names. Limited company is actually a limited liability company, which is the abbreviation of limited liability company. A limited liability company is an enterprise legal person and is liable for the company's debts with all its property.

Legal basis: Article 3 of People's Republic of China (PRC) Company Law is an enterprise legal person with independent legal person property and legal person property rights. The company is liable for its debts with all its property. 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. Article 24 A limited liability company shall be established by capital contribution of shareholders with less than 50 persons.