What is the difference between a self-employed person and a limited company?

The difference between individual industrial and commercial households and limited companies is as follows:

1, different business premises. Limited companies must have fixed business premises, while individual industrial and commercial households do not need fixed business premises;

2. Different investors. The investment subject of a limited company is a legal person, and the legal rights and obligations directly belong to the enterprise rather than the enterprise investor. However, the investment subject of individual industrial and commercial households can only be a natural person, which does not have the corporate legal person attribute and bears unlimited liability;

3. Different property responsibilities. Self-employed persons bear unlimited liability for property. The legal subject of a limited company is a company;

They pay different taxes and fees. Co., Ltd. shall be implemented in accordance with the provisions of the state on enterprise tax, and shall not pay management fees. In addition to paying taxes according to law, individual industrial and commercial households must also pay a certain percentage of management fees to the administrative department for industry and commerce;

5. The liquidation procedures are different. The dissolution of a limited company should be liquidated by the investors themselves, and there is no liquidation procedure when individual industrial and commercial households close down.