(1) A joint stock limited company is an enterprise legal person, and shareholders are liable to the company to the extent of the shares subscribed by them.
(2) The number, scope and qualifications of promoters of a joint stock limited company are restricted. The Company Law stipulates that the number of promoters is more than 2 and less than 200, and more than half of them have domicile in China.
(3) A joint stock limited company is a typical joint venture company, and the company's credit is completely based on capital.
(4) A joint stock limited company may raise some shares from the society, and the shares are equivalent and appear in the form of shares. Stock is a kind of valuable securities, which can circulate in the securities market. Anyone who buys shares can become a shareholder of the company.
(5) Compared with limited liability companies, the conditions for the establishment of joint stock limited companies are stricter and the internal organization is more rigorous.