Legal analysis: A limited company must have two shareholders. Limited liability company should not have too many shareholders because of its certain humanity and trust among shareholders. The rule is 2 to 50 people. The number of shareholders in a limited company has both upper and lower limits, while the limited company has only a lower limit, that is, only the minimum number of promoters is stipulated, but in fact only the minimum quorum of shareholders is stipulated.
Legal basis: Article 24 of the Company Law of People's Republic of China (PRC), a limited liability company is established by capital contribution of shareholders with less than 50 members.