What does Limited Liability Company mean

The IRD divides limited liability companies into "other limited liability companies" and "private limited liability companies".

If all the investors are natural persons, it is a "private limited liability company".

If one or more of the contributors is not a natural person, it is an "other limited liability company".

According to the provisions of China's Company Law, China's "company refers to a limited liability company and shares established in China in accordance with this law".

1. A limited liability company, referred to as ****, the shareholders are liable to the company to the extent of their capital contributions, and the company is liable for the company's debts with all its assets. Such companies, according to the provisions of the Company Law, must be marked with the words "limited liability company" or "****" in the company name.

2. Shares, referred to as joint-stock companies, all their capital is divided into equal shares, shareholders are liable to the company to the extent of their shares, and the company is liable for the company's debts with all its assets. Such companies, according to the provisions of the Company Law, must be marked with the words "Shares****" or "Joint-stock Company" in the name of the company.

A limited liability company is an economic organization in which two or more shareholders and less than 50 shareholders jointly contribute, and each company bears limited liability for the company with its subscribed capital contribution, and the company is liable for its debts with all its assets. Limited liability companies include wholly state-owned companies as well as other limited liability companies.

This means that the company is only partially owned.

It is a limited liability company, which is established in accordance with the conditions of the (Company Law) and relevant laws, and the shareholders are liable to the company to the extent of their capital contributions, and the company is liable for the company's debts with all its assets. Its main characteristics are: (1) shareholders bear limited liability with the amount of their capital contributions; (2) The company bears debt liabilities to the extent of assets.

3) The number of shareholders of the company shall meet the statutory requirements. A limited liability company is jointly funded by two to fifty shareholders. However, a wholly state-owned limited liability company is a special limited liability company, and the shareholder can be one.

4) The equity transfer shall comply with the legal procedures and the provisions of the articles of association. (5) The company cannot publicly raise shares and cannot issue **. The funds required in the process of production and operation of the company can only be obtained by other legal methods of financing.

In other words, if **** goes bankrupt and owes someone money, he only needs to auction off everything in the company to pay it back, even if it is not enough, it will stop here, and there is no need to pay it back. And the unlimited liability of the company is how much you owe people, you have to pay back, if the company's auction money is not enough, you need to take your own private property to repay. Legal basis:

Article 3 of the Company Law of the People's Republic of China A company is an enterprise legal person, has independent legal person property, and enjoys the property rights of legal person. The company is liable for the debts of the company with all its property. The shareholders of a limited liability company are liable to the company to the extent of their subscribed capital contributions; The shareholders of the shares are liable to the company to the extent of the shares they subscribe.

Limited liability company, referred to as ****, China's limited liability public belt bend company refers to the "People's Republic of China company registration management regulations" registered in accordance with the provisions of the regulations, by the establishment of less than 50 shareholders capital contributions, each of the first east of its subscribed capital contribution to the company limited liability, the company with all its assets to bear full responsibility for the company's debts of the economic organization. Limited liability companies include wholly state-owned companies as well as other limited liability companies. [1] [3]

There are two forms of statutory companies in China: limited liability company (CO.)., Ltd. or Ltd) and shares **** (co.,ltd.）

Limited liability company (****) is the most important organizational form of China's enterprise real stupid and boring 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". Its advantage is that the establishment procedure is relatively simple, there is no need to issue an announcement, and there is no need to publish accounts, especially the company's balance sheet is generally not disclosed, and the company's internal organization is flexible. Its disadvantage is that it cannot be publicly issued, and the scope and scale of raising funds are generally relatively small, which is difficult to meet the needs of large-scale production and business activities.

Therefore, the form of limited liability company (****) is generally suitable for small and medium-sized non-joint-stock companies.

For entrepreneurship, a limited liability company is a more suitable type of enterprise for entrepreneurship, and most of the investment and financing plans and VIE structures are designed based on a limited liability company.

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A limited liability company, referred to as ****, a limited liability company in China refers to a limited liability company registered in accordance with the Regulations of the People's Republic of China on the Administration of Company Registration.

It is an economic organization established by the capital contribution of less than 50 shareholders, and each of the first is limited to the amount of capital contribution subscribed by the company, and 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.

Precautions

After the company has gone through the industrial and commercial registration, the name of the company is protected by law, and the name approved by the administrative department for industry and commerce shall be used in its daily business activities. None of the words can be changed, added or subtracted.

According to Article 10 of the Regulations of the People's Republic of China on the Administration of Company Registration, "the registration items of a company shall comply with the provisions of laws and administrative regulations. If it does not comply with the provisions of laws and administrative regulations, the company registration authority shall not register.

Article 11: "The name of the company shall comply with the relevant provisions of the state. A company can only use one name.

The name of a company that has been approved and registered by the company registration authority is protected by law. ”