The main difference between a limited liability company and a joint stock limited company lies in "whether the finance is open to the public". Please explain.

A limited liability company is a person, and a joint stock limited company is a public company.

In addition to the capital contribution, a limited liability company also has the cooperation of people, and its equity transfer is limited, so it is called a partnership;

A joint stock limited company is a public company, with unlimited shareholders and equal rights according to shares;

Therefore, in the management of the company, the finance of the joint stock limited company is open and transparent; And limited liability companies are only open to specific personnel.