2. A limited liability company refers to an economic organization registered in accordance with the Regulations on the Administration of Company Registration, which is jointly funded by 2-50 shareholders, and each shareholder assumes limited liability for the company with the amount of capital subscribed, and the company assumes liability for its debts with all its assets.
3. In essence, a joint stock limited company is just a special limited liability company. It is an enterprise legal person whose total registered capital consists of equal shares, which raises capital by issuing shares (or warrants) and assumes limited liability for the company's debts with all its assets.
4. To sum up, both the limited liability company and the joint stock limited company meet the legal requirements of enterprise legal persons, and they are both enterprise legal persons with legal personality.