Summary of the differences between a limited liability company and a joint stock company

Updated on Financial 2024-03-28
7 answers
  1. Anonymous users2024-02-07

    The differences between a limited liability company and a share are mainly reflected in: (1) the difference in the form of equity; (2) the number of shareholders is different; (3) different methods of establishment; (4) The degree of standardization of organizational structure is different; (5) Equity transfer is different.

  2. Anonymous users2024-02-06

    There are significant differences between limited liability companies and shares**** in terms of scale, establishment method, management requirements, etc., so they are suitable for investors with different needs. When choosing the form of company, the promoter's property capacity, business ability, and long-term needs should be considered. The difference between a share **** and a limited liability company is that the share **** is established by 2 or more than 200 promoters, and a limited liability company is established by 50 or less shareholders; A limited liability company can only be raised by the promoter, and cannot raise funds from the public, nor can it be issued, nor can it be listed.

    Extended Materials. Company Law of the People's Republic of China

    Article 23 [Conditions for the Establishment of a Limited Liability Company] The following conditions shall be met for the establishment of a limited liability company:

    1) The shareholders meet the quorum;

    2) There is a capital contribution subscribed by all shareholders in accordance with the provisions of the company's articles of association;

    3) Shareholders jointly formulate the articles of association;

    4) Have a company name and establish an organizational structure that meets the requirements of a limited liability company;

    5) Have a company domicile.

    Article 24 [Number of Shareholders] A limited liability company shall be established by less than 50 shareholders.

    Article 77 [Method of Establishment] The establishment of shares may be established by initiating or raising funds.

    Initiation refers to the establishment of a company by the promoter subscribing for all the shares to be issued by the company.

    Raising and setting up refers to the establishment of a company by the promoter subscribing for a part of the company's shares to be issued, and the remaining shares are publicly raised to the public or raised from specific targets.

    Article 78 [Restrictions on Promoters] To establish a shareholding ****, there shall be two or more than two and less than 200 promoters as promoters, of which more than half of the promoters must have a domicile in China.

  3. Anonymous users2024-02-05

    First, the capital of a joint-stock company is not in the form of a single person's capital contribution, but is divided into a number of ** shares, which are composed of many people's joint capital and share subscriptions; Second, the ownership of a joint-stock company does not belong to one person, but to all those who contribute to subscribe for the company's shares.

  4. Anonymous users2024-02-04

    The differences between the shares **** and the limited liability company are as follows: 1. The establishment conditions and raised funds are different (1) The limited liability company can only be raised by the promoter, and the number of shareholders of the limited liability company has the highest and lowest requirements. (2) The number of shareholders of the shares can only be the minimum requirement, not the maximum requirement.

    2. Different degrees of difficulty in the transfer of shares(1) In a limited liability company, shareholders have strict requirements for transferring their own capital contributions, and they are subject to more restrictions and difficulties; (2) In the share ****, shareholders are more free to transfer their own shares. 3. Different forms of equity certificates (1) In a limited liability company, the shareholder's equity certificate is a capital contribution certificate, and the capital contribution certificate cannot be transferred or circulated; (2) In the shares, the shareholder's equity certificate is **, that is, the shares held by the shareholder are reflected in the form of **, and ** is the certificate issued by the company to prove the shares held by the shareholder, which can be transferred and circulated. 4. The authority of the shareholders' meeting and the board of directors and the degree of separation of the two powers are different (1) In a limited liability company, because the number of shareholders is capped, the number of shareholders is relatively small, and it is more convenient to hold a shareholders' meeting, so the authority of the shareholders' meeting is larger, and the degree of separation of ownership and management rights is lower; (2) In the shares, the authority of the shareholders' meeting is limited, the authority of the board of directors is larger, and the degree of separation of ownership and management rights is also relatively high.

    5. The degree of disclosure of financial status is different: (1) In a limited liability company, the financial and accounting statements can be sent to the shareholders without being audited by a certified public accountant, as long as they are sent to the shareholders within the prescribed time limit; (2) In the shares, the accounting statements must be audited by the certified public accountant and issued a report, and must be archived for shareholders to consult.

    Questions. How should the shares of natural persons be managed, and can they be financially audited without a formal invoice? Is it effective in legal liability convenience?

    Is it legal for our shares ****, sensible, and lover as cash?

    How is it possible to give you an audit without an invoice.

    If you are a husband and wife setting up a company, it is better to set up a limited liability company if you do not plan to become a public company. Relatively speaking, the law has stricter requirements for the public affairs of shares, including but not limited to the company's financial system, accounting and auditing, business disclosure and other corporate affairs; The requirements for the establishment and operation of **** are relatively low, and it is easier to control risks. For example, many of the parent companies of Huawei Group and Alibaba are limited liability companies.

    The share **** is unlimited joint and several liability, and it is important to know that this is a great responsibility.

    Questions. The governor contributed capital in RMB, but the money was not transferred to the company's account, but in his own pocket, and his wife took the money.

    Strictly speaking, this kind of behavior you mentioned does not mean that the chairman has made a contribution.

    Because there is a book certificate.

    Dear, what is your trouble.

  5. Anonymous users2024-02-03

    Hello, I am your exclusive experienced answerer Brother Wu! Glad to serve you! I've seen your question, I'll reply to you within five minutes, if you're satisfied, can you give me a like? Thank you!

    The differences between a share **** and a limited liability company are as follows:

    1. The number of shareholders is different. The shareholders of a limited liability company are 1 50 people. There is no limit to the number of shareholders of the shares, and some large companies have hundreds of thousands, or even millions of people, but at least 2 people.

    Unlike a limited liability company, a general meeting of shareholders must be established, which is the highest authority of the company.

    2. The registered capital is different. The minimum amount of capital required by a limited liability company is less, and the company is based on the nature and scope of production and operation, and the amount of registered capital is not the same

    1) RMB 500,000 for companies mainly engaged in production and operation;

    2) RMB 500,000 for commercial wholesale companies;

    3) RMB 300,000 for commercial retail companies;

    4) RMB 100,000 for science and technology development and consulting service companies;

  6. Anonymous users2024-02-02

    The main differences are as follows: 1. The number of shareholders. There is a maximum number of shareholders in a limited liability company, while there is no maximum number of shareholders in a share.

    2. Registered capital. The minimum registered capital of a limited liability company is 30,000 yuan, and the minimum registered capital of a share **** is 5 million yuan.

  7. Anonymous users2024-02-01

    1. The nature is different.

    2. The number of people is different.

    3. The conditions are different.

    1.Shares of different nature refer to the corporate legal person whose capital is composed of shares, and whose shareholders are liable to the company within the limits of the shares they subscribe. Limited liability company (****) is the most important organizational form for enterprises in China to implement the company system, which refers to the registration in accordance with the provisions of the Regulations of the People's Republic of China on the Administration of Company Registration.

    2.A limited liability company in China with different numbers refers to an economic organization registered in accordance with the provisions of the Regulations of the People's Republic of China on the Administration of Company Registration, established by less than 50 shareholders, with limited liability for the company limited to the amount of capital contribution subscribed by the company, and the legal person of the company bears full responsibility for the company's debts with all its assets. Limited liability companies include wholly state-owned companies as well as other limited liability companies.

    China's "Company Law" stipulates that the establishment of shares **** should have more than 2 people and less than 200 as the initiators. Since all joint-stock companies must be **** with limited liability (but not all **** are joint-stock companies), they are generally collectively referred to as "shares".

    3.In order to protect the interests of creditors, the establishment of shares must reach the authorized capital. The minimum capital limit of China's shares shall not be less than 5 million yuan.

    If the minimum amount of registered capital of shares with specific requirements needs to be higher than the above minimum limit, it shall be separately stipulated by laws and administrative regulations. To establish a company, an application for pre-approval of the name shall be made. If laws, administrative regulations or decisions stipulate that the establishment of a company must be approved, or the company's business scope belongs to the items that must be approved before registration as stipulated by laws, administrative regulations or decisions, the company name shall be pre-approved before submitting for approval, and the company name approved by the company registration authority shall be submitted for approval.

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