1. A sole proprietorship enterprise refers to an enterprise invested and operated by one person. The investors of a sole proprietorship enterprise shall bear unlimited liability for the debts of the enterprise;
2. A partnership enterprise refers to an enterprise in which two or more people invest and operate together in accordance with the agreement, with negative profits and losses. Partners shall be jointly and severally liable for the debts of the enterprise;
3. A limited liability company means that 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.
Legal basis: Article 9 of the Provisions on Classification of Enterprise Registration Types.
Private enterprises refer to profit-making economic organizations established or controlled by natural persons and based on wage labor. Including private limited liability companies, private joint-stock companies, private partnerships and private enterprises registered in accordance with the Company Law, the Partnership Law and the Provisional Regulations on Private Enterprises.
A wholly-owned private enterprise refers to an enterprise invested and operated by a natural person according to the Provisional Regulations on Private Enterprises, which is based on wage labor and the investor assumes unlimited liability for the debts of the enterprise.
A private partnership refers to an enterprise in which two or more natural persons jointly invest, operate and assume responsibility for their own profits and losses in accordance with the provisions of the Partnership Law or the Provisional Regulations on Private Enterprises, and assume unlimited liability for debts on the basis of wage labor.
A private limited liability company refers to a limited liability company invested by two or more natural persons or controlled by a single natural person according to the Company Law and the Provisional Regulations on Private Enterprises.
A private company limited by shares refers to a company limited by shares invested by more than five natural persons or controlled by a single natural person according to the Company Law.