A limited liability company is an economic organization established by the contribution of less than 50 shareholders. Each shareholder shall bear limited liability to the company to the extent of the capital contribution subscribed by him, and the company as a legal person shall bear full liability for the company's debts with all its assets. Limited liability companies include wholly state-owned companies and other limited liability companies.
2. Limited by Share Ltd
A company limited by shares refers to a company with shares as its capital, and shareholders are liable to the company to the extent of the shares subscribed by them. Joint-stock companies came into being in Europe in the18th century, and were widely popular in the world capitalist countries in the second half of the19th century. So far, joint-stock companies have always occupied a dominant position in economic development.
3. Wholly state-owned companies
A wholly state-owned company refers to a limited liability company which is solely funded by the state and authorized by the State Council or the local people's government to perform the responsibilities of the investor. Important wholly state-owned companies and dispersed companies shall be audited by the state-owned assets supervision and administration institution and reported to the people's government at the same level for approval.
4. Private enterprises
Private enterprises refer to profit-making economic organizations established by or controlled by natural persons and based on wage labor. Including private limited liability companies and private joint stock limited companies registered in accordance with the Company Law, the Partnership Law and the Provisional Regulations on Private Enterprises.
5. Listed companies
A listed company is a joint stock limited company, which must meet certain conditions besides being approved to be listed and traded on the stock exchange. After the revision of the Company Law and the Securities Law, more enterprises will become listed companies and companies whose corporate bonds are listed and traded.
6. Self-employed
The means of production of self-employed individuals are owned by individuals, based on individual labor, and the income from labor is owned by individual workers. There are two forms of self-employment: individual industrial and commercial households and individual partnerships. Individual industrial and commercial households generally recognized in society refer to individual industrial and commercial households in a broad sense.