King of Industry

  Chapter 150 Difference Between Limited Liability Company and Corporation Limited

   It was still Wang Da Restaurant, and Liao Jingsheng and Ning Xiaohong were still on the side.

  But today, Zhao Guoyang was not given alcohol by the two of them.

  After the three of them drank the first cup, Liao Jingsheng told Zhao Guoyang the real reason why he invited him to come while making arrangements for Zhao Guoyang to eat.

   "Brother Guoyang, do you remember what you said at the last meal? It was about the restructuring of state-owned and collective enterprises." Liao Jingsheng looked at Zhao Guoyang expectantly and said.

  Zhao Guoyang was slightly taken aback, and then replied: "Well, I remember. We talked about this issue last time. Could it be that Director Liao came to me for this matter?"

  Liao Jingsheng slapped his thigh and said, "That's right, it's for this!"

"You may not know that a few days ago, Director Huang of our Jianghai County State-owned Enterprise Management Bureau came to talk to me and told me about the restructuring decision made by the Standing Committee of the Jianghai County Party Committee on our Xiangyang Machinery Factory, and Asked for my opinion…”

  When Liao Jingsheng was speaking, Ning Xiaohong who was beside him looked at Zhao Guoyang without blinking, as if he wanted to find out the truest thoughts in his heart.

  Under the watchful eyes of Liao Jingsheng and Ning Xiaohong, Zhao Guoyang slowly put down his wine glass, raised his head and said with a smile, "Director Liao, it's a good thing to change the system, don't you just refuse?"

  After hearing what Zhao Guoyang said, Liao Jingsheng and Ning Xiaohong breathed a sigh of relief.

Liao Jingsheng stood up, filled Zhao Guoyang's wine and said, "No, brother Guoyang, fortunately you analyzed this issue for us last time, so when I answered Director Huang's words, I was careful. He said he would go back and think about it for a few days to give him an answer. I came to you today just to hear your opinion again!"

   Zhao Guoyang did not hide it when he heard the words, and explained to the two of them in detail the restructuring process of state-owned enterprises and collective enterprises that he knew.

Zhao Guoyang said straightforwardly: "Factory Director Liao, the restructuring of a collective enterprise should be relatively simpler than the restructuring of a state-owned enterprise. As long as the enterprise reaches a certain scale, the subject of property rights investment is clearly defined, and the financial assets are relatively independent. , even if the requirements for restructuring are met.”

   "Since the leader of the Jianghai County State-owned Enterprise Administration Bureau talked to you, you don't need to worry about these conditions, Director Liao. The county government will definitely not embarrass you in this regard."

   "Uh... Guoyang, what does it mean that this enterprise has reached a certain scale?" Ning Xiaohong asked rather puzzled.

   "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 that of a joint stock company is 10 million yuan."

  "For collective enterprise restructuring, you can choose the organizational form of enterprise restructuring, limited liability company or joint stock company, according to the size of the enterprise's own assets."

  "Generally speaking, if the registered capital is less than 20 million yuan, it is better to set up a limited liability company, and if the registered capital is 20 million yuan or more, it is better to set up a joint stock company." Zhao Guoyang added.

   Zhao Guoyang spoke clearly and logically, which made Liao Jingsheng secretly feel that he finally found the right person.

After Zhao Guoyang finished speaking, Ning Xiaohong asked with full of doubts: "Guoyang, what is the difference between a limited liability company and a joint stock company? If our factory really wants to restructure, How should I choose?"

  After his lover asked this question, Liao Jingsheng also nodded. Obviously, he was also very concerned about this question.

Zhao Guoyang understood what the two wanted to ask, pondered for a moment and said, "Director Liao, sister Xiaohong, I estimate that the market value of Xiangyang Machinery Factory given by the State-owned Enterprise Administration Bureau is around 20 million, right? So You struggle with how to choose."

Without waiting for Liao Jingsheng and Ning Xiaohong to answer this question, Zhao Guoyang continued on his own: "The difference between a limited liability company and a joint stock company is still very big. In addition to the company size just mentioned, there are also There are so many points."

"First of all, there is a difference in the form of equity between the two. In a limited liability company, the shareholder's equity is represented by the proportion of the capital contribution subscribed, and the shareholder's voting and debt repayment are based on the proportion of the capital contribution he subscribed. enjoy rights and assume responsibilities; while the entire capital of a joint-stock company is divided into shares with a smaller amount and equal value for each share, the voting rights of shareholders are calculated according to the amount of capital contribution subscribed, and each share has one vote."

  “Secondly, the standardization of the organizational structure between the two is different. A limited company is relatively simple and flexible, and the organizational structure can be stipulated through the articles of association. It can only have one director and one supervisor each, and no board of supervisors or board of directors.”

   "As for a joint stock company, the requirements are much higher in this regard. In addition to the establishment of a board of directors and a board of supervisors, regular shareholders' meetings must also be held."

   "Again, it is the difference between equity transfer and liquidity between the two. In a limited liability company, shareholders can transfer their capital contributions to each other. However, the public offering of shares in a joint stock company is not restricted."

"The last point is the difference between public disclosure. The production, operation, and financial status of a limited liability company only need to be disclosed to shareholders within the time limit stipulated in the company's articles of association for their inspection, and there is no need to announce it to the public. For a joint stock company, it must Regularly announce the financial situation for the supervision of 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 aside: "Director Liao, although the estimated total market value of your Xiangyang Machinery Factory almost meets the requirements of a joint stock company. However, if If you really want to change the system, I personally suggest that it is better to choose the former..."

Hearing this, Liao Jingsheng smiled bitterly and said, "Brother Guoyang, to tell you the truth, I have discussed with Xiaohong in the past two days, and we really think it would be better to restructure this factory. You guessed right just now, Jianghai County The estimated market value of our Xiangyang Machinery Factory is 18 million, close to 20 million..."

  Ning Xiaohong on the side added: "Guoyang, the problem now lies in this place."

"Although Master really wants to continue to lead our Xiangyang Machinery Factory forward after the restructuring. But the funding gap is too big. According to numerical calculations, Master needs at least 9 million to become the largest shareholder. , where do you think he found so much money!"

After Ning Xiaohong finished speaking, Zhao Guoyang smiled for a while: "Xiaohong, you are wrong. Who said that Director Liao had to pay so much money himself? Enterprise restructuring is not a simple addition, subtraction, multiplication and division, but more Not according to your calculations..."

   Zhao Guoyang's words made both Liao Jingsheng and Ning Xiaohong puzzled. They looked at each other with big eyes and small eyes, as if they were confused.

  (end of this chapter)