A limited liability company may not issue shares. 1. Limited liability company, referred to as limited 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. According to the Company Law, such companies must indicate the words "limited liability company" or "limited company" in the company name. 2. A joint stock limited company, referred to as a joint stock company for short, has all its capital divided into equal shares. Shareholders are liable to the company to the extent of their shares, and the company is liable to its debts with all its assets. According to the Company Law, such companies must indicate the words "Limited by Share Ltd" or "Limited by Share Ltd" in their company names.
Legal objectivity:
Article 3 of the Company Law A company is an enterprise legal person, with independent legal person property and legal person property rights. The company is liable for its debts with all its property. Shareholders of a limited liability company shall be liable to the company to the extent of their subscribed capital contribution; Shareholders of a joint stock limited company shall be liable to the company to the extent of the shares subscribed by them.