1. The former refers to the limited liability of the company owner for its creditor's rights and debts. The latter is that the owner of the company bears unlimited responsibility for the company's debts and debts. China's company is a limited company.
2. Limited liability company, referred to as limited company. Shareholders are responsible for the company to the extent of their capital contribution, and the company is responsible for its debts with all its assets.
3. Unlimited liability company, referred to as unlimited company. If the company cannot repay its debts, the shareholders are responsible for liquidation. In China, it is not allowed to set up unlimited liability companies, but it is allowed to set up unlimited liability enterprises, such as sole proprietorships and partnerships.
Tuoguang Information Co., Ltd., referred to as limited company for short, refers to an economic organization registered in accordance with the Regulations of the People's Republic of China on the Administration of Company Registration and established by shareholders with less than 50 employees. Each shareholder is limited to the subscribed capital contribution, and the company as a legal person takes full responsibility for the company's debts with all its assets. Limited liability companies include wholly state-owned companies and other limited liability companies.
A company form consisting of two or more shareholders who are jointly and severally liable for the debts of the company. Also known as unlimited company. For the most typical man-made company. It must be composed of two or more shareholders, and the shareholders must be natural persons. Shareholders are jointly and severally liable for the company's debts, that is, shareholders must use the capital contribution property and other property other than the capital contribution property as the guarantee for paying off the company's debts.
Reference Limited _ Baidu Encyclopedia