Joint-stock companies include joint-stock companies and limited liability companies.
A company limited by shares only divides the shares into several equal parts, and each shareholder holds a part of the shares.
A limited liability company divides its shares in proportion, for example, you hold 5 1% and I hold 49%.
Legal basis:
Article 3 of the company law
The company 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.