The establishment conditions and financing conditions of these two companies are different. The conditions for the establishment of a limited liability company are more relaxed, and the conditions for the establishment of a joint stock limited company are more stringent.
Limited liability companies can only be funded by sponsors, not by the public; A joint stock limited company may raise funds to the public. Among the public, limited liability companies have the largest number of shareholders and the least. The number of shareholders of a joint stock limited company is the minimum requirement, not the maximum requirement.
2. The share transfer system is different.
The difficulty of equity transfer between the two companies is different. Shareholders of limited liability companies have strict requirements on the transfer of their capital contributions, which is more restrictive and more difficult; Shareholders of a limited liability company can freely transfer their shares, but the transfer is not as difficult as that of a limited liability company.
3. Different equity certificates
These two companies have different forms of equity certificates. The qualification certificate of shareholders of a limited liability company is the proof of capital contribution and may not be transferred or circulated; The shareholder qualification certificate of a joint-stock company is a stock, that is, the shares held by shareholders are embodied in the form of shares.
Stock is a certificate issued by the company to prove that shareholders hold shares, and shares can be transferred or circulated. Transfer and circulation.
Extended data
China's limited liability company refers to an economic organization registered in accordance with the Regulations of the People's Republic of China on the Administration of Company Registration, which is established by shareholders with less than 50 employees. Each shareholder has limited liability to the company to the extent of the capital contribution subscribed, and the company as a legal person takes full responsibility for the company's debts with all its assets. Limited liability companies include wholly state-owned companies and other limited liability companies.
The establishment of a limited liability company shall meet the following conditions:
(1) Shareholders meet the quorum;
(2) The capital contribution of shareholders reaches the minimum statutory capital;
(3) Shareholders * * * agree to formulate the Articles of Association;
(4) Having a company name and establishing an organization meeting the requirements of a limited liability company;
(5) Having a company domicile.
The shareholders' meeting of a limited liability company is composed of all shareholders. The shareholders' meeting is the authority of the company and exercises its functions and powers in accordance with the Company Law.
The discussion methods and voting procedures of the shareholders' meeting shall be stipulated in the articles of association, except as otherwise stipulated in the Company Law.
Shareholders' resolutions on the increase or decrease of registered capital, division, merger, dissolution or change of corporate form of the company must be passed by shareholders representing more than two thirds of the voting rights.
A company may amend its articles of association. The resolution to amend the Articles of Association must be passed by shareholders representing more than two thirds of the voting rights.
The shareholders shall exercise their voting rights in proportion to their capital contribution.
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