No, there are two legal companies in China: limited liability companies and joint-stock companies.
Limited liability company: it is established with the contribution of shareholders with less than 50 employees, and the minimum registered capital is RMB 30,000. The shareholders of a limited liability company and their subscribed capital contributions shall be liable to the company. If there is only one natural person or limited liability company among the legal person shareholders, it is called a one-person limited liability company. If the shareholders of a one-person limited liability company cannot prove that the company's property is independent of the shareholders' own property, they shall be jointly and severally liable for the company's debts. Shareholders shall be liable to the Company to the extent of their subscribed capital contribution.
A joint stock limited company is an enterprise legal person whose capital is divided into equal shares, and shareholders and their subscribed shares are responsible for the company. To establish a joint stock limited company, there shall be two or more promoters but not more than 200, and the minimum registered capital shall be RMB 5 million. Shareholders shall be liable to the company to the extent of the shares subscribed by them.
Share-holding system, also called share economy, mainly refers to the form of joint stock limited company.
Characteristics of a limited liability company:
First of all, the shareholders of a limited liability company are liable to the company only to the extent of their capital contribution.
Second, the combination of human resources and capital, the combination of limited liability companies, is mainly manifested in the company's shareholders, a bit like a partnership.
Third, the closure is neither open nor open. In terms of the number of shareholders, it generally does not exceed 50.
Fourth, the establishment procedure is simple. Generally speaking, you can apply for opening an account as long as you have the conditions of the company law.
Fifth, shareholders have accumulated and participated in company activities.
Sixth, the organization is flexible. If the number of shareholders is small and the scale is small, there may be an executive director, no board of directors or one or two supervisors, and no board of supervisors.
Seventh, the scale is specific and can be large or small.
2. Joint stock limited company: refers to the company's assets, which are divided into equal shares. Shareholders and their shares are responsible for the company, and the company and all its assets are responsible for the company's debts.
Second, the company limited by shares
A company limited by shares refers to a company with shares as its capital, and shareholders are liable to the company to the extent of the shares subscribed by them. It was born in Europe in the18th century. There must be a shareholders' meeting, a board of directors, a board of supervisors and other institutions to implement internal management and represent the company externally. The institutions are the shareholders' meeting, the board of directors, the board of supervisors and the manager.
Three. Matters needing attention of limited company
Matters needing attention for a limited liability company: After the company has gone through industrial and commercial registration, the company name is protected by law, and the name approved by the administrative department for industry and commerce should be used in daily business activities. You can't change, add or subtract any words. According to Article 10 of the Regulations of the People's Republic of China on the Administration of Company Registration: "The registered items of a company shall comply with the provisions of laws and administrative regulations. If it does not comply with the provisions of laws and administrative regulations, the company registration authority will not register it. " Article 11: "The company name shall conform to the relevant provisions of the state. A company can only use one name. The company name approved and registered by the company registration authority is protected by law. " .
The above is about whether a limited company is a joint-stock system. There are still categories of limited companies, one is joint-stock companies and the other is limited liability companies. If you have any other legal questions, please consult a lawyer in time.