Limited Liability Company's Co-author And Its Impact On Corporate Governance

The limited liability company, as one of two kind of legal company shapes of our corporation law, has the obvious difference with the stock limited liability company. But this kind of difference aiming at the legislation and the government of the limited liability company has not obtained the respect which should have. Although in 2005 our corporation law revision had the obvious progress in different treatment between the stock limited liability company and the limited liability company, it still had the disparity with the needing condition. The realization of the limited liability company good government relies on the objective understanding to the limited liability company own characteristic. And then the pointed design must be worked out.The limited liability company's essential characteristic is its assets joining concurring with human joining, or becoming the human joining directly. This characteristic origin lies in this corporate form design to the stock limited liability company and partnership enterprise's reference as well as catering to medium-small scale investment. The limited liability company human meaning includes inside and outside two aspects: Inside aspect refers to the company interior revolution and the right-duty assignment basic basis to pure capital most definitely principles being accommodating, basing on the mixed fit of the capital most definitely principles and the shareholder population most definitely .Even the existence of the shareholder identically definitive principle is permits. Outside aspect is refers to the limited liability company relative person's transaction risk safeguard is mainly undertaken by the company assets, but while some debts are undertaken by the company shareholders on the certain degree. Namely although the limited liability company shareholders undertake the limited liability to the corporate debts, the limited liability company shareholder's limited liability is far frailer than the stock limited liability company shareholder's limited liability. The limited liability company independent personality stability compares the stock limited liability company to be further. Generally speaking, the mutually trust and cooperate relations among shareholders are not limited liability company human joining itself, but it is...