Chapter 150 The Difference Between a Limited Liability Company and a Joint Stock Company
It is still Wang Da Restaurant, Liao Jingsheng and Ning Xiaohong.
But today, Zhao Guoyang was not drunk by the two.
After the first cup of the three, Liao Jingsheng was organizing Zhao Guoyang to eat dishes while telling the real reason why he invited him.
"Brother Guoyang, do you remember what you said during the last meal? It is about the restructuring of state-owned and collective enterprises." Liao Jingsheng looked at Zhao Guoyang with anticipation.
Zhao Guoyang was slightly stunned and replied, "Well, remember. We talked about this issue last time. Could it be that Director Liao came to me for this?"
Liao Jingsheng slapped his thigh and said, "Yes, it's just for this!"
"You may not know that a few days ago, Director Huang from our Jianghai County State-owned Enterprise Administration Bureau asked me to talk to me, and told me about the reform decision made by our Xiangyang Machinery Factory at the Standing Committee of the Jianghai County Party Committee, and asked me about my opinions..."
When Liao Jingsheng was talking, Ning Xiaohong next to him looked at Zhao Guoyang without a moment, as if he wanted to find the truest thoughts in his heart.
Under the gaze of Liao Jingsheng and Ning Xiaohong, Zhao Guoyang slowly put down his wine glass, looked up and smiled: "Director Liao, restructuring is a good thing. Could it be that you refused?"
After hearing what Zhao Guoyang said, Liao Jingsheng and Ning Xiaohong breathed a sigh of relief.
Liao Jingsheng stood up and filled Zhao Guoyang with wine and said, "No, Brother Guoyang, fortunately you analyzed this question for us last time, so when answering Director Huang's words, I was careful and said that I would go back and consider a few days to answer him. I came to you today, just to hear your opinions again!"
When Zhao Guoyang heard this, he did not hide it. He explained the reform process of state-owned enterprises and collective enterprises he knew in detail to the two of them.
Zhao Guoyang said in a singular manner: "Director Liao, the restructuring of collective enterprises is relatively simpler than the restructuring of state-owned enterprises. As long as the enterprise reaches a certain scale, defines the property investment entity, and the financial assets are relatively independent, it will meet the restructuring requirements."
"Since your leader of the Jianghai County State-owned Enterprise Administration has talked to you, there is no need to worry about these conditions, Director Liao, and the county government will definitely not make things difficult for you in this regard."
"Uh... Guoyang, this company has reached a certain scale, what does that mean?" Ning Xiaohong asked in confusion.
"Oh, that's right. Our country's "Company Law" stipulates that the minimum share capital of a limited liability company is 300,000 yuan, and the minimum share capital of a joint-stock company is 10 million yuan."
"Collaborative enterprise restructuring can choose the organizational form of enterprise restructuring, a limited liability company or a joint stock company based on the enterprise's own asset size."
"Usually speaking, if the registered capital is less than 20 million yuan, it is better to have a limited liability company. If it is 20 million yuan or more, it is better to have a joint-stock company." Zhao Guoyang added.
Zhao Guoyang's words were very clear, which made Liao Jingsheng secretly sigh that he had finally found the wrong person.
After Zhao Guoyang finished speaking, Ning Xiaohong, who was standing by, asked with full of doubts: "Guoyang, what is the difference between this limited liability company and a joint-stock company? If our factory really wants to be restructured, how should we choose?"
After his beloved disciple asked this question, Liao Jingsheng nodded repeatedly. Obviously, he was also very concerned about this question.
Zhao Guoyang understood what these two people were asking, and pondered for a moment: "Director Liao, Xiaohong, I guess, the State-owned Enterprise Administration estimates the market value of Xiangyang Machinery Factory for you, which is about 20 million, right? So you are struggling with how to choose."
Before Liao Jingsheng and Ning Xiaohong and the other two answered this question, Zhao Guoyang continued to say on his own: "The difference between a limited liability company and a joint-stock company is still very big. In addition to the company scale just mentioned, there are a few more points."
"First of all, there are differences in the form of equity between the two. In a limited liability company, the shareholder's equity is expressed by the proportion of the subscribed capital contribution. When shareholders vote and repay debts, they enjoy rights and assume liability according to the proportion of the subscribed capital contribution; while the total capital of the joint-stock company is divided into small amounts, with each share equal amount. The shareholder's voting rights are calculated based on the subscribed capital contribution, and each share has one vote."
"Secondly, the organizational structure between the two is different. The company is relatively simple and flexible. It can agree on the organizational structure through the articles of association. It can only have one director and one supervisor, and no supervisory board or board of directors."
"As for joint-stock companies, the requirements for this aspect are much higher. In addition to establishing a board of directors and a board of supervisors, shareholders' meetings must also be held regularly."
"Once again, it is the difference between equity transfer and liquidity between the two. Limited liability companies, shareholders can transfer the capital contributions to each other. However, the public offering of stocks of joint-stock companies is not restricted."
"The last point is the difference between social disclosure. The production, operation and financial status of a limited liability company only needs to be disclosed to shareholders within the time limit stipulated in the company's articles of association for review, and there is no need to be announced to the public. The joint stock company must regularly announce the financial status for supervision by the whole society."
After explaining the difference between a limited liability company and a joint-stock company, Zhao Guoyang turned his attention to Liao Jingsheng who was standing aside: "Director Liao, although the total market value estimate of your Xiangyang Machinery Factory has almost met the requirements of the joint-stock company. However, if you really want to restructure, I personally suggest that it is better to choose the former..."
Liao Jingsheng smiled bitterly when he heard this, "Brother Guoyang, I'm going to tell you that Xiaohong and I have discussed it these two days, and they really think it's better to renovate this factory. What you guessed just now is right. Jianghai County estimates the market value of our Xiangyang Machinery Factory, which is 18 million, close to 20 million..."
Ning Xiaohong, who was standing beside him, added: "Guoyang, the current problem is here."
"Although Master really wants to continue to lead our Xiangyang Machinery Factory forward after the reform, the funding gap is too big. According to the calculations in terms of numbers, if Master wants to be the largest shareholder, it will cost at least 9 million. Where do you think he will find so much money!"
After Ning Xiaohong finished speaking, Zhao Guoyang smiled: "Xiaohong, you are wrong. Who said that Director Liao had to pay so much money by himself? The company's restructuring is not simply adding, subtracting, multiplication and division, nor is it calculated according to you..."
Chapter completed!