The difference between partnership and company.

Legal analysis: All partners of a partnership enterprise shall bear unlimited joint and several liabilities for the partnership debts. Shareholders of the company shall be liable to the company within the limit of their capital contribution, and the company shall be liable to the company's debts with all its assets (shareholders of the company shall be jointly and severally liable for the company's debts if they abuse the independent status of the company as a legal person and the shareholders' limited liability to evade debts and seriously damage the interests of the company's creditors).

Legal basis: People's Republic of China (PRC) Partnership Enterprise Law.

Article 2 The term "partnership enterprise" as mentioned in this Law refers to a profit-making organization established within the territory of China in accordance with this Law, in which all partners enter into a partnership agreement, * * * jointly contribute funds, operate in partnership, * * * enjoy the benefits, * * * bear the risks and bear unlimited joint and several liabilities for the debts of the partnership enterprise.

Article 3 A partnership agreement shall be reached in writing by all partners through consultation according to law.