The quorum for the establishment of a limited liability company is more than one person and less than fifty people. Limited liability company belongs to man-made company, and its decision-making is mainly based on investors' decision-making. Too many shareholders are not conducive to the company's decision-making, and the scientific nature of the limited company's decision-making is lost.
Legal objectivity:
Article 24 of the Company Law of People's Republic of China (PRC) A limited liability company is established by capital contribution of shareholders with less than 50 persons. Article 78 of the Company Law of People's Republic of China (PRC) * * * To establish a joint stock limited company, there shall be at least two but not more than 200 promoters, and more than half of the promoters shall have their domicile in China.