Study Issues Of The Shareholders' Capital Transfer Of Limited Liability Company

Corporation,　as　a　typical　style　of　modern　enterprises,　plays　an　important　role　in　the　system　of　globalization　market　economy.　　The　gradually　supplemented　and　improved　corporation　law　is　a　key　point　to　the　corporate　policy.　　In　the　current　corporate　law　of　China,　there　are　only　two　types　of　legal　entities,　limited　shares　corporation　and　limited　liability　company　(LLC　for　short　later),　are　permitted　to　be　established.　　Since　joint-stock　corporation　with　limited　liability　is　set　up　by　principle　of　charter,　LLC　has　become　the　most　popular　form　of　legal　entities.　　As　a　result , the　amount　of　LLC　increases　tremendously.　　Meanwhile,　the　problems　of　share　transfer　in　LLC,　which　are　caused　by　the　civil　juristic　act　or　other　reasons　and　causes,　have　become　widespread　in　the　present　commercial　legal　system.　　The　transfer　of　the　shareholder's　capital　of　LLC　is　also　called　the　transfer　of　the　stock　rights.　　The　liberty　of　the　stock　rights'　transfer　is　the　universally　basic　principle　in　the　company　law　among　many　nations,　there　is,　however,　an　exception　on　this　liberty　of　the　transfer　especially　for　LLC.　　Under　the　existing　legal　system,　the　shareholders　must　not　draw　back　their　investment　except　for　transferring　their　stock　right.　　So　the　transfer　of　stock　has　become　the　only　choice　of　limited　company　shareholders.　　As　company　law,　how　to　design　a　kind　of　mechanism　is　very　necessary　concerning　effective　protection　for　the　legitimate　rights　of　companies　and　interests　of　assignor,　assignee　and　other　shareholders　directly. The　paper　is　composed　of　two　major　parts,　which　expound　the　subject　matters　in　details　from　the　different　perspectives.　　The　first　part　of　the　paper　concerns　with　the　origins　of　limited　liability　company,　development　tracks　of　the　LLC　in　western　countries,　and　comparative　studies　of　LLC　in　both　continental　law　and　maritime　law.　　Through　the　study　in　this　part,　it　is　fully　revealed　that　the　creation　of　LLC　is　the　result　of　the　long-standing　commercial　experience　and　legislative　efforts　of　human　beings,　which　has　been　under　the　constant　expansion　since　the　date　of　its　forming.　The　second　part　of　the　paper　deals　with　the　core　area　of　Chinese　current　"company　laws",　in　which　they　have　made　the　clear　regulation　to　the　shareholder　of　limited　company,　there　are,　however,　many　areas　still　need　to　be　improved.　　In　view　of　this,　I　will　combine　the　regulations　of　company　laws　with　other　countries　and　region　for　differentiating　and　analyzing　the　concept,　then　researching　the　theory　and　practice　of　stock　transfer　of　the　shareholders　of　limited　liability　company,　including　but　not　limited:　(1)Shareholders　transfer　of　shares　towards　any　person　outside　of　LLC;　(2)Transfer　of　shares　between　shareholders;　(3)Special　transfer　of　shares;　(4)Transfer　of　shares　in　the　form　of　formalities.　The　research　of　this　paper　aims　at　seeking　the　answer　to　accounting　for　aforementioned　problems　from　the　aspect　of　the　law,　and　has　put　forward　my　own　opinion　in　improving　China's　relevant　legal　system.