The difference between a limited liability company and a limited company

The abbreviation of limited liability company is called limited company. There is no essential difference between a limited company and a limited liability company. According to the company law of our country, companies are divided into limited liability companies and joint stock limited companies. Whether it is a limited company or a joint-stock company, their biggest feature is that shareholders' responsibility to the company is limited and limited by their capital contribution.

Legal basis:

People's Republic of China (PRC) Company Law Article 2 The term "company" as mentioned in this law refers to a limited liability company and a joint stock limited company established in China according to this law.

Article 6 of the Company Law of People's Republic of China (PRC) shall apply to the company registration authority for registration of establishment according to law. Those that meet the conditions for establishment as stipulated in this Law shall be registered as limited liability companies or joint stock limited companies respectively by the company registration authority; Those who do not meet the conditions for establishment as stipulated in this Law shall not be registered as a limited liability company or a joint stock limited company.

Where laws and administrative regulations stipulate that the establishment of a company must be approved, the approval procedures shall be handled according to law before the company is registered.