2. A joint stock limited company, referred to as a joint stock company for short, has all its capital divided into equal shares. Shareholders are liable to the company to the extent of their shares, and the company is liable to its debts with all its assets.
Difference:
(1) Two or more shareholders with less than fifty shareholders set up a limited liability company with the same contribution; A joint stock limited company shall have five or more promoters, with no limit on the number of shareholders, and all its capital shall be divided into equal shares. Keyword comparison: the number of people is not limited, more than two and less than fifty/more than five.
(2) In case of debt settlement, each shareholder of a limited liability company shall bear limited liability to the company with the amount of capital contribution subscribed; Each shareholder of a joint stock limited company shall be liable to the company to the extent of the shares subscribed by him.
(3) The limited liability company is not listed; A company limited by shares is generally a listed company.
Legal basis: Article 3 of People's Republic of China (PRC) Company Law 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.