The business activities of the joint venture company depend on personal conditions, and the credit basis lies in the personal credit of shareholders, not in the amount of company capital. All shareholders shall be jointly and severally liable for the debts of the company with all their personal property. Unlimited liability company is the most typical man-made company.
The business activities of the joint venture company depend on the company's capital, the credit base is the total capital, and the debts are borne by the company's capital. Limited by Share Ltd is the most typical joint venture company.
A joint venture company is a joint venture company, and a joint venture company refers to a company that has both human credit and capital credit. A limited liability company is a joint venture company.
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