1, with different definitions. In a limited liability company, shareholders are liable to the company to the extent of their capital contribution, and the company is liable to its debts with all its assets. An unlimited liability company consists of more than two shareholders, who are jointly and severally liable for the debts of the company;
2. Different responsibilities. Each shareholder of a limited liability company shall bear limited liability to the company to the extent of the capital contribution subscribed by him. In an unlimited liability company, shareholders are jointly and severally liable for the company and its debts. If the company is unable to pay off its debts, the shareholders shall bear the liability for repayment.
3. Different operating characteristics. Unlimited liability company is several small * * same enterprise forms based on mutual trust among its members. Its organizational procedures are relatively simple and there is no minimum capital requirement, which is directly related to all the property interests of shareholders. Therefore, the shareholders' meeting will work together and have a close relationship with shareholders. The establishment procedure of a limited liability company is relatively simple, and there is no need to issue announcements or accounts. In particular, the company's balance sheet is generally not open, and the company's internal institutions are flexible.
What responsibility does the legal person of a limited liability company bear?
1. Co., Ltd. shall be liable to the extent of the capital contribution of each shareholder;
2, the legal representative is the representative of the enterprise to exercise civil rights and assume responsibility, not to bear the creditor's rights and debts;
3. When an illegal act occurs, the legal representative shall exercise rights and assume responsibilities on behalf of the enterprise. Simply put, the enterprise is not the legal representative;
4. The capital contribution shall be deposited into the account opened by the enterprise. As long as the funds are not withdrawn, the responsibility will be borne by the enterprise.
Legal basis: Article 23 of the Company Law of People's Republic of China (PRC).
Conditions for establishing a limited liability company To establish a limited liability company, the following conditions shall be met:
(1) Shareholders meet the quorum;
(2) The capital contribution subscribed by all shareholders in accordance with the Articles of Association;
(3) Shareholders * * * agree to formulate the Articles of Association;
(4) Having a company name and establishing an organization meeting the requirements of a limited liability company;
(5) Having a company domicile.