1 exists indefinitely.
A company can continue to exist after the original owner and operator quit.
2. Limited debt liability.
Corporate debt is the debt of the legal person, not the debt of the owner. The owner's debt liability is limited to the amount of his capital contribution.
3. Ownership is highly mobile.
4. The superior position of the capital market.
Extended data
A company-based enterprise refers to an economic organization that is legally established by investors (or shareholders) with a quorum or more, operates independently, is responsible for its own profits and losses, and has legal personality. There are two types of companies in China: limited liability companies and joint stock companies.
When an enterprise adopts the organizational form of company system, the main body of ownership and the main body of management right are separated, and the owner only participates in and makes financial decisions about the changes of owner's equity or capital equity, while the daily production and business activities and financial management activities are decided by the operator.
A general partnership consists of general partners, who are jointly and severally liable for the debts of the partnership. Where this Law has special provisions on the liability form of general partners, such provisions shall prevail.
Limited partnership consists of general partner and limited partner. The general partner shall be jointly and severally liable for the debts of the partnership, and the limited partner shall be liable for the debts of the partnership to the extent of the capital contribution subscribed.