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Company is the most important subject in the current economic operation. In addition to companies, there are many other types of enterprises, such as: partnerships, individual businesses, wholly foreign-owned enterprises, sino-foreign joint ventures, sino-foreign cooperative enterprises and so on.
 
Limited liability company
At present, limited liability companies account for a large part of the registered companies. It is to point to the connection between limited liability company shareholder is closer, shareholder does not exceed 50 commonly. The most important characteristic of limited liability company, which is also the cornerstone of company law, is "limited liability". Limited liability means that the shareholders only need to pay the registered capital in full and on time according to the articles of association. For the debts of the company, the shareholders only need to bear the responsibility within the scope of the registered capital, and there is no need to pay off the debts with other personal property. Of course, the premise is :(1) according to the contract of payment capital contribution, no withdrawal and other ACTS;(2) the corporate personality is independent and there is no case of piercing the corporate veil.
Limited liability companies are more special types:  wholly state-owned companies. One person limited company, namely shareholder has only one, can be natural person, also can be legal person. A wholly state-owned company is a limited liability company funded solely by the state or authorized by the State Council or the local people's government to perform the functions of a contributor. Therefore, one-person limited liability company and wholly state-owned company are subcategories of limited liability companies. These two types of companies should be managed in accordance with the rules of the company law on limited liability companies. However, these two types of companies also have their own special features.
 
Joint stock limited company
Compared with limited liability companies, joint stock companies have stronger capital compatibility. Most shareholders of listed companies do not know each other, and the ownership and management of the company are often separated. Joint stock limited company and limited liability company both have the attribute of "limited liability", but limited stock company is more strict in management, shareholders' meeting, board of directors, board of supervisors are relatively complete and limited liability company.
The way of establishment of a joint stock limited company is initiated and raised. The difference between the two ways of establishment is that the former is in the initiator, while the latter can be publicly raised. Because the CSRC requires that the company to be listed must operate for at least three years, it is unlikely that there is a limited liability company to be established through public offering. However, in practice, a limited liability company can be changed into a joint stock limited liability company. In capital business, this link is often called "share reform". The management time before share reform also calculates the management time that plans to appear on the market the company, because this says theoretically, pass collect to establish joint stock limited company to also be possible, fall only commonly, it is to establish joint stock limited company first, issue new stock publicly by joint stock limited company again.
Another difference between a limited liability company and a limited liability company is that the establishment of a limited liability company is required to have a promoter agreement, while a limited liability company is not necessarily required, but the articles of association are required by both types of companies.
The most important difference between a joint stock limited company and a limited liability company is that it can issue shares, that is, it can be listed and traded in the stock exchange or the equity transfer system. The listed joint stock limited company shall not only operate in accordance with the requirements of the company law, but also operate in accordance with the requirements of the securities law, the securities regulatory body and the stock exchange.

Partnership
Partnerships are divided into general partnerships and limited partnerships. The most important difference between a general partnership and a limited partnership is that the partners in a general partnership have unlimited liability for the debts of the business with their personal property, while the limited partners in a limited partnership have limited liability for the debts of the business with their capital contribution. This is also the most important feature that distinguishes a partnership from a company.
Compared with the company, the partnership enterprise has fewer mandatory requirements in terms of capital contribution and operation. For example, partners (except limited partners) of the partnership enterprise can contribute capital with labor services, while shareholders of the company need to contribute capital with money, physical objects, intellectual property rights and land use rights. The establishment of a partnership requires only the submission of a partnership agreement and no articles of association. It can be said that the partnership enterprise is more independent than the company, and the partnership agreement can freely agree on relevant business matters. At present, more private equity funds in practice is to take the form of limited partnership. Partners who invest capital tend to have limited liability as limited partners, while partners who do not contribute but perform partnership affairs may be general partners.
In a partnership, the partnership agreement is not only the criterion for business operation, but also the criterion for judging responsibility when disputes occur between partners.
Partnership enterprises pay individual income tax by partners, while companies need to pay corporate income tax by legal person as the main taxpayer, which is also an important difference between the two.
By the way, the general law firm is a partnership and is a "special general partnership" within the partnership.(article 55 of the partnership law: a professional service agency that provides paid services to customers with professional knowledge and expertise may be established as a special general partnership.)

Foreign invested enterprises
Foreign-invested enterprises can be classified into three categories: foreign-funded enterprises (sole proprietorship), sino-foreign joint ventures and sino-foreign cooperative enterprises.
The establishment of foreign-funded enterprises has higher industry restrictions and needs to be established in accordance with the requirements of the catalogue of industry guidance for foreign investment. The establishment of foreign-funded enterprises requires pre-approval by administrative examination and approval, that is, approval by the Ministry of Commerce or the corresponding department of sasac.
A sino-foreign joint venture in a foreign-funded enterprise must be established as a limited liability company, while a foreign-funded enterprise (sole proprietorship) or a foreign-funded cooperative enterprise need not be established as a limited liability company, or even operate as a legal entity.

Other commercial entities
In addition to the above companies or business entities, there are a large number of individual industrial and commercial households, private partnerships, foreign enterprise branches. In addition, foundations and non-profit organizations are also public welfare organizations.