(1) A private limited liability company is a limited liability company with individuals or private enterprises as shareholders and limited liability to the company's assets. Private enterprises can bear unlimited liability (that is, the investors are jointly and severally liable for the debts of the enterprises), while limited liability companies are only liable within the company's assets, and their investors are not jointly and severally liable.
(2) 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 in accordance with the Company Law and the Provisional Regulations on Private Enterprises.
(3) A limited liability company, also known as a limited company, refers to an enterprise legal person whose shareholders who meet the statutory requirements are liable to the company to the extent of their capital contribution, and the company is liable for its debts with all its assets.
Second, the difference between a limited liability company and a joint stock limited company
(1) There are differences between the two companies in terms of establishment conditions and raised funds. The conditions for the establishment of a limited liability company are relatively loose, while the conditions for the establishment of a joint stock limited company are relatively strict.
(2) The difficulty of share transfer between the two companies is different. In a limited liability company, shareholders have strict requirements on the transfer of their own capital contribution, which is more restricted and more difficult. In a joint stock limited company, shareholders can freely transfer their own shares, which is not as difficult as a limited liability company.
3. What is a joint-stock enterprise?
(1) A joint-stock enterprise is a profit-making legal person enterprise funded by two or more investors in a certain form and established according to certain legal procedures.
(2) As a modern enterprise, it must be a corporate enterprise. As an independent entity completely independent of its investors, a company-based enterprise occupies and dominates the management right of all the property of the enterprise, owns the property rights of the enterprise, undertakes the debts and creditor's rights of the enterprise, and can independently develop various economic relations with other individuals.
The above content is about what is a private limited liability company. Private limited liability companies are mainly different from individual enterprises and state-owned enterprises. Private limited liability companies are not controlled by the state, and private shareholders or private enterprises (enterprise legal persons and partnership enterprises) are shareholders, and apply to the relevant departments for the establishment of limited liability companies.