The difference between closed company and open company

Closed limited company refers to a company whose shares are unlisted and only held by a few people with limited liability, also known as unlisted company and unlisted company. Generally for small and medium-sized enterprises. The basic differences between it and the open limited company are: the members and management of the closed limited company are more convenient than the open limited company; A closed limited company may not issue bearer shares or bearer securities. A closed limited company refers to a company whose shares are unlisted and only held by a few people, also known as "unlisted company" and "unlisted company". Generally for small and medium-sized enterprises. The basic differences between it and the open limited company are: the members and management of the closed limited company are more convenient than the open limited company; A closed limited company shall not issue bearer shares or bearer securities, nor shall it issue an invitation to the public to subscribe for its shares or bonds; The number of members of a closed limited company is restricted by law, and the transfer of shares is also restricted, so there is no need to publish annual accounts.