The conditions for a limited liability company to be changed into a joint stock limited company are: no less than 2 promoters and no less than 200 promoters, more than half of them have domicile in China, the subscribed and raised share capital has reached the minimum statutory registered capital of RMB 5 million, the stock issuance and preparations are in compliance with the law, the articles of association have been formulated, the company name meets the requirements of the company law, and the company domicile is legal. The steps are: making enterprise restructuring plan, forming effective resolution of shareholders' meeting, assets verification, defining enterprise property rights, assets evaluation, financial audit, subscribed capital contribution and applying for registration.
Legal objectivity:
Article 8 A limited liability company established in accordance with this Law must indicate the words limited liability company or limited company in its name. A joint stock limited company established in accordance with this law must indicate the words joint stock limited company or joint stock company in its name. Article 9 When a limited liability company is changed into a joint stock limited company, it shall meet the requirements of a joint stock limited company as stipulated in this Law. When a joint stock limited company is changed into a limited liability company, it shall meet the conditions of a limited liability company as stipulated in this Law. Where a limited liability company is changed into a joint stock limited company, or a joint stock limited company is changed into a limited liability company, the creditor's rights and debts before the company change shall be inherited by the changed company.