China Southern Airlines Co., Ltd., China Petroleum and Natural Gas Co., Ltd. and China Petrochemical Co., Ltd.
Company system is the main typical organizational form of modern enterprises. What are the corporate enterprises, namely, limited liability companies and joint stock limited companies? A limited liability company A limited liability company is established by capital contribution of shareholders with less than 50 persons. Shareholders of a limited liability company shall be liable to the company to the extent of their subscribed capital contribution. If there is only one natural person or limited liability company among the legal person shareholders, it is called a one-person limited liability company. If the shareholders of a one-person limited liability company cannot prove that the company's property is independent of the shareholders' own property, they shall be jointly and severally liable for the company's debts. Shareholders shall be liable to the Company to the extent of their subscribed capital contribution. A joint stock limited company is an enterprise legal person whose capital is divided into equal shares, and the shareholders and their subscribed shares are limited to the company. The establishment of a joint stock limited company requires two or more promoters but less than 200 promoters. Shareholders shall be liable to the company to the extent of the shares subscribed by them. A corporate enterprise refers to an economic organization with legal personality, which is established by investors (or shareholders) with a quorum or more, operates independently and is responsible for its own profits and losses. There are two types of companies in China: limited liability companies and joint stock companies. When an enterprise adopts the organizational form of company system, the main body of ownership and the main body of management right are separated, and the owner only participates in and makes financial decisions about the changes of owner's equity or capital equity, while the daily production and business activities and financial management activities are decided by the operator.
Also known as the joint-stock enterprise, it refers to a legal person enterprise invested by/kloc-0 or more investors (natural persons or legal persons), with independent legal person property, independent operation and self-financing.