Legal analysis: (1) A limited liability company, also known as a limited company, is an economic organization established by shareholders with less than 50 employees. Each shareholder bears limited liability to the company with the amount of capital subscribed, and the company is liable for its debts with all its assets. Partnership refers to the general partnership and limited partnership established in China by natural persons, legal persons and other organizations in accordance with this Law. (2) Different forms of liability: A limited liability company belongs to an enterprise legal person, has independent legal person property and enjoys legal property rights. The company is liable for its debts with all its property. Shareholders of a limited liability company shall be liable to the company to the extent of their subscribed capital contribution. A partnership consists of a general partner and a limited partner. The general partner shall be jointly and severally liable for the debts of the partnership, and the limited partner shall be liable for the debts of the partnership to the extent of the capital contribution subscribed. In addition, there are also differences in investment methods, registered capital, corporate behavior basis, tax payment requirements, corporate debt commitment and so on.
Legal basis: Article 2 of the Partnership Enterprise Law of People's Republic of China (PRC) The term "partnership enterprise" as mentioned in this Law refers to the general partnership enterprise and limited partnership enterprise established in China by natural persons, legal persons and other organizations according to this Law. A general partnership consists of general partners, who are jointly and severally liable for the debts of the partnership. Where this Law has special provisions on the liability form of general partners, such provisions shall prevail.