The difference between individual businesses and companies is mainly reflected in the establishment and responsibility:
 1. Individual businesses refer to citizens who are capable of doing business and have been registered by the administrative department for industry and commerce in accordance with the provisions of the Regulations on Individual Businesses. A company is an enterprise legal person that is generally established according to law, has independent legal person property, and is for the purpose of making profits.
 2. Individual businesses are applied for by natural persons and bear joint liability for debts. A company can be a one person company or a multi person company. The shareholders bear limited liability.
 [Legal Basis]
 Article 3 of the Company Law states that a company is an enterprise legal person with independent legal person property and legal person property rights. The Company shall be liable for its debts with all its assets.
 The shareholders of a limited liability company shall be liable to the company to the extent of their subscribed capital contributions; The shareholders of a joint stock limited company shall be liable to the company to the extent of the shares they have subscribed for.