Legal analysis: for-profit is the enterprise nature of a joint stock limited company. What shareholders need to bear is limited liability. Specifically, a joint-stock company is a joint-stock enterprise established by two or more investors in the form of shares. There are two types of joint-stock enterprises: (1) limited liability company: an economic organization with less than 50 shareholders, each shareholder bears limited liability to the company with the amount of capital subscribed, and the company legal person bears full responsibility for the company's debts with all its assets. This type of enterprise is more suitable for starting a business. Most investment and financing schemes and VIE structures are designed based on limited liability companies. (2) Limited by Share Ltd: It is composed of two or more promoters and less than 200 promoters. All the capital of the company is equal shares, and shareholders are liable to the company to the extent of their shares.
Legal basis: Article 3 of People's Republic of China (PRC) Company Law is an enterprise legal person with independent legal person property and legal person 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; Shareholders of a joint stock limited company shall be liable to the company to the extent of the shares subscribed by them.