Current location - Quotes Website - Signature design - What is the difference between a group and a limited liability company?
What is the difference between a group and a limited liability company?

The difference between a group and a limited liability company is as follows:

1. A limited company is a company, while a group company is a group of companies. Many companies are together, but they all have a controlling relationship. An enterprise group formed;

2. A group company can have three or more subsidiaries. The group company controls how many shares of each subsidiary company. The subsidiaries can be limited companies or not;

3. The group is not necessarily an enterprise, that is to say, it can be a public institution. If it is a strict company, the "Company Law of the People's Republic of China" stipulates that the word "company" must be marked.

Enterprise groups do not have independent legal personality. There is no such thing as a "group" in the Company Law of the People's Republic of China. There are only limited liability companies and joint stock companies. Some companies implement diversified business strategies and establish corresponding subsidiaries in multiple fields. In this way, the parent and subsidiary companies will form an enterprise group because of this "blood" relationship, which is quite similar to a group army in the army. These are the origins of what we often call group companies.

A limited liability company, referred to as a limited liability company, is a limited liability company in China that is registered in accordance with the "Regulations of the People's Republic of China on Company Registration and Management" and is established with capital contributions from less than fifty shareholders. An economic organization in which each shareholder has limited liability for the company to the extent of the capital contribution he has subscribed, and the company bears all liability for the company's debts with all of its assets. Limited liability companies include wholly state-owned companies and other limited liability companies.

Article 23 of the "Company Law of the People's Republic of China" To establish a limited liability company, the following conditions must be met:

(1) The shareholders meet the quorum;

p>

(2) There is an amount of capital contributions subscribed by all shareholders that complies with the provisions of the company's articles of association;

(3) The shareholders *** jointly formulate the company's 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 25 The articles of association of a limited liability company shall specify the following matters:

(1) Company name and domicile;

(2) Company business scope ;

(3) Registered capital of the company;

(4) Name of shareholder;

(5) Shareholder’s method, amount and contribution of capital Time;

(6) The company’s organization and its formation method, powers, and rules of procedure;

(7) The legal representative of the company;

(8) Other matters deemed necessary by the shareholders' meeting.

Shareholders should sign and seal the articles of association.