What's the difference between a limited liability company and a joint stock limited company? (1) A limited liability company, referred to as a limited company for short, refers to an enterprise legal person composed of a certain number of shareholders as stipulated by law. Shareholders are liable for the debts of the company to the extent of their capital contribution, and the company is liable for its debts with all its assets. A joint stock limited company, also referred to as a joint stock company, refers to an enterprise legal person in which all the capital of the company is equal shares, the shareholders are liable to the company with the shares subscribed by them, and the company is liable to its debts with all its assets. (2) The main difference between a limited liability company and a joint stock limited company lies in its founder, registered capital and mode of establishment. (1) A limited liability company is established by fifty or less shareholders, while the establishment of a joint stock limited company depends on the behavior of qualified promoters. There shall be two or more promoters, but not more than 200, and more than half of them shall have their domicile in China. (2) A joint stock limited company should have considerable registered capital as the basis for its own operation and protection of the company's creditors' rights and interests. China's Company Law stipulates that the minimum registered capital of a joint stock limited company is 5 million yuan. The minimum registered capital of a limited liability company is RMB 30,000. Where laws and administrative regulations have higher provisions on the minimum registered capital of a limited liability company, those provisions shall prevail. (3) A joint stock limited company can initiate the establishment or offer the establishment, and a limited liability company can only initiate the establishment.
Legal objectivity:
The difference between a limited liability company and a joint stock limited company: 1. The number of shareholders is different. A limited liability company has 1~50 shareholders. However, there is no limit on the number of shareholders of a joint stock limited company. Some big companies have hundreds of thousands or even millions of people, but at least two people. Different from a limited liability company, it is necessary to set up a general meeting of shareholders, which is the highest authority of the company. 2. The registered capital is different. Limited liability companies require less minimum capital, and the standard of registered capital varies according to the nature and scope of production and operation. China's "Company Law" stipulates that the registered capital shall not be less than the following minimum: (65,438+0) 500,000 yuan for companies mainly engaged in production and operation; (2) 500,000 yuan for companies mainly engaged in commercial wholesale; (3) 300,000 yuan for companies mainly engaged in commercial retail; (4) 654,380,000 yuan for science and technology development and consulting service companies; Where the minimum registered capital of a limited liability company in a specific industry is higher than the above provisions, it shall be separately stipulated by the State Council. The minimum registered capital of a company limited by shares stipulated in China's Company Law is100000 yuan, and the registered capital of some companies limited by shares allowed by other laws or administrative regulations can be higher than100000 yuan, for example, the total share capital of a listed company is not less than 50 million yuan. 3. Share capital is divided in different ways. The shares of a limited liability company may not be divided into equal shares, and its capital shall be divided according to the capital contribution subscribed by shareholders. The shares of a joint stock limited company must be equal, its share capital is divided into smaller shares, and the amount of each share is equal. 4. Sponsors raise funds in different ways. Limited liability companies can only raise funds from sponsors, but not from the public, and their shares cannot be publicly issued, let alone listed and traded, while joint stock limited companies can raise funds from the society through sponsorship or fund-raising, and their shares can be publicly issued and traded. 5. The conditions of equity transfer are different. Shareholders of a limited liability company may freely transfer all or part of their share capital according to law; When a shareholder transfers its share capital to a person other than the company according to law, it can only be implemented with the consent of more than half of the shareholders; Other shareholders of the company have the preemptive right under the condition of equal transfer of share capital. Shares held by shareholders of a joint stock limited company can be traded and transferred, but they cannot be withdrawn. 6 The authority of the company organization is different. A limited liability company has a small number of shareholders and a simple organization. It can only set up a board of directors, not a shareholders' meeting and a board of supervisors. Therefore, the board of directors is often held by individual shareholders, which has greater flexibility. The establishment procedure and organization of a joint stock limited company are complicated, and the number of shareholders is relatively large and scattered. Therefore, the authority of the shareholders' meeting is restricted to a certain extent, and the authority of the board of directors is concentrated. 7. The forms of proof of equity are different. The equity certificate of a limited liability company is the capital contribution certificate issued by the company; The stock certificate of a joint stock limited company is the stock issued by the company. 8. Different degrees of financial disclosure. The financial status of a limited liability company only needs to be handed over to shareholders within the time limit stipulated in the company's articles of association, and there is no need to announce and consult, and the financial status is relatively confidential; Limited by Share Ltd, because of its singleness. As mentioned above, there are two ways to set up a company: initiation and fundraising. It is relatively simple to initiate the establishment, but it is more complicated for the purpose of protecting the public because of the need to raise shares from the public. In the establishment of a limited company, there is only the way of initiating the establishment, not the way of raising the establishment. The above is the difference between a limited liability company and a joint stock limited company. I hope it helps you.