What is the difference between a limited company and a limited liability company?

Legal analysis: (1) There are different forms of equity expression. In a limited liability company, the total share capital is not divided equally, and shareholders' rights and interests are expressed by the proportion of their subscribed capital contribution. When voting and paying off debts, shareholders shall enjoy rights and bear responsibilities according to the proportion of their subscribed capital contributions; The total capital of a joint-stock company is divided into shares with smaller amount per share and shares with equal amount. The voting rights of shareholders are calculated according to the subscribed capital contribution, with one vote per share.

(2) Limit the number of shareholders, and the number of shareholders of a limited liability company shall not exceed 50, so as to protect the company's closeness; A joint stock limited company shall have 2-200 promoters, and the number of shareholders is not limited. The shareholders of a listed company with millions of people are all shareholders of the company.

(3) The establishment methods and processes are different, and limited liability companies can only raise funds by promoters, and cannot publicly raise funds, issue stocks or go public; In addition to establishing limited liability companies, joint-stock companies can also raise funds from the public and go public for financing, but the establishment process is complicated.

(D) The degree of standardization of organizational structure is different, and the requirements for joint stock limited companies are higher. It is necessary to set up a board of directors and a board of supervisors and hold regular shareholders' meetings; Limited liability companies are relatively simple and flexible. An organization may stipulate in its articles of association that it may have only one director and one supervisor, without the board of supervisors and the board of directors.

(five) the difference in equity transfer, the shareholders of a limited liability company can transfer their capital contributions to each other; And limited companies have more restrictions.

Article 138 of the Company Law: Shareholders shall transfer their shares in a legally established stock exchange or in other ways stipulated by the State Council.

Legal basis: Article 3 of the Company Law of People's Republic of China (PRC), the shareholders of a limited liability company shall be liable to the company to the extent of their capital contribution, and the company shall be liable to the debts of the company with all its assets. In a joint stock limited company, all its capital is divided into equal shares, shareholders are liable to the company to the extent of their shares, and the company is liable to the company's debts with all its assets.