Legal analysis: a limited company is a limited liability company, and there is no difference. A limited liability company, referred to as a limited company for short, is registered in China according to the Regulations of the People's Republic of China on the Administration of Company Registration, and is established with the contribution of less than 50 shareholders. An economic organization in which each shareholder assumes limited liability to the company to the extent of the capital contribution subscribed by him, and the company as a legal person assumes full responsibility for the company's debts with all its assets. Limited liability companies include wholly state-owned companies and other limited liability companies.
Legal basis: Article 24 of the Company Law, a limited liability company is established by capital contribution of shareholders with less than 50 members.
Article 78 The establishment of a joint stock limited company shall be initiated by two or more persons, but not more than 200 persons, and more than half of the promoters shall have domicile in China.