Is a limited liability company a private enterprise?

Legal Analysis: A limited liability company is not a private enterprise. Private enterprises refer to profit-making economic organizations established or controlled by natural persons and based on wage labor, including private limited liability companies, private joint-stock companies, private partnerships and private enterprises.

Legal basis: Notice on Adjusting the Classification of Enterprise Registration Types Article 9 Private enterprises refer to profit-making economic organizations established or controlled by natural persons and based on wage labor.

Article 3 of the Company Law of People's Republic of China (PRC) is an enterprise legal person, with independent legal person property and legal person property rights. The company is liable for its debts with all its property. Shareholders of a limited liability company shall be liable to the company to the extent of their subscribed capital contribution; Shareholders of a joint stock limited company shall be liable to the company to the extent of the shares subscribed by them.