Can a joint stock limited company be changed into a limited liability company?

Yes, you can. The former Company Law only stipulated that a limited liability company can be changed into a joint stock limited company according to law, while the new Company Law clearly stipulates that not only a limited liability company can be changed into a joint stock limited company, but also a joint stock limited company can be changed into a limited liability company.

In practice, it is common for a limited liability company to be transformed into a joint stock limited company.

The procedure for changing a limited liability company into a joint stock limited company is as follows: 1. Submit an application for changing a limited liability company into a joint stock limited company to the relevant government departments and get approval.

2. Shareholders of the original limited liability company, as promoters of the proposed joint stock limited company, will invest their net assets in the proposed joint stock limited company according to the ratio of 1: 1.

3. A capital verification report issued by an accounting firm.

4. Formulate the articles of association and hold the founding meeting.

5. The board of directors of the company shall apply to the company registration authority for registration of establishment within 30 days after the founding meeting.

6. Make an announcement in the media.