Business advice

Differences between Limited liability and Joint stock company JSC and LLC are the two most common company types nowadays. There are some significant differences between these two forms of legal entities. JSC issue stocks and bonds per procuration of the shares which may be offered to public unlike LLC that does not issue stocks or bonds. Within the frames of JSC share transfer may be executed upon the agreement of both parties, when it comes to LLC, they may be transferred upon an agreement certified by a notary provided that such agreement is executed within the approval of 75% of the shareholders that represent 75% of the capital. When it comes to LLC, the capital is not divided equally, however for JSC the capital is equally divided. Companies’ fields of activity also may vary. LLC does not operate in such business fields as banking and insurance and in other fields that are determined by specific laws unlike JSC which may operate in every field. For this reason financial ...