A listed company is a joint-stock limited liability company, which has the general characteristics of a joint-stock limited company, such as shareholders' limited liability, ownership and management rights. Shareholders participate in company decision-making by electing the board of directors and voting.
Private enterprises: All non-public enterprises are collectively referred to as private enterprises. In the Company Law, enterprises are classified according to their forms of capital organization, mainly including: wholly state-owned, state-holding companies, limited liability companies, joint stock limited companies (also divided into listed companies and unlisted companies), partnerships and sole proprietorship enterprises.
According to the definition of the connotation of private enterprises, except for state-owned sole proprietorship and state holding, as long as there is no state-owned capital, other types of enterprises are private enterprises.
Difference:
Private enterprises can be transformed into listed companies and modern joint-stock enterprises through restructuring;
Whether it is a private enterprise or a state-owned enterprise, the choice of work mainly depends on the status of the industry, the company's operating performance and the company's growth, and then on its possible working conditions, wages and other aspects;
Compared with private enterprises, the biggest feature of listed companies is that they can use the securities market to raise funds and widely absorb idle funds from society, thus rapidly expanding the scale of enterprises and enhancing the competitiveness and market share of products;
For example, if the industry is a sunrise industry and a high-tech enterprise, it will have a better development prospect. Automation, electronization, informationization, internetization and modern logistics represent the future development direction of enterprises, which are incomparable to general traditional manufacturing enterprises. This is the advantage of the industry where the enterprise is located.
The provisions in Article 79 of the Company Law that "a joint stock limited company shall be established with two or more promoters but not more than 200 promoters" and Article 81 that "the initial investment of all promoters shall not be less than 20% of the registered capital" are also much looser than the original provisions.
According to Article 16 of the Securities Law, one of the conditions for the issuance and listing of bonds is that "the net assets of a joint stock limited company are not less than RMB 30 million yuan, and the net assets of a limited liability company are not less than RMB 60 million yuan". At present, the criteria for who can become a company with corporate bonds listed and traded are very vague. In fact, it is often large enterprises that become listed companies of corporate bonds.
Article 23 of the Securities Law stipulates that "the department authorized by the State Council approves the application for issuing corporate bonds". For a long time, we have been implementing the quota system, and the relevant departments have approved the issuance of corporate bonds. The implementation of the new securities law can greatly alleviate the demand for enterprises to issue and investors to invest in corporate bonds. By vigorously developing the bond market, we will gradually achieve the goal of improving the structure of listed securities.
References:
Baidu Encyclopedia, a listed company? Private enterprise Baidu Encyclopedia