Where a company limited by shares is to be changed into a company with limited liability, it shall meet the conditions of a company with limited liability provided for by this Law.

股份有限公司变更为有限责任公司，应当符合本法规定的有限责任公司的条件。

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The essential of the shareholder's limited liability is the shareholder's basic right that is got by fulfilling the obligations of the company law.

公司股东有限责任的实质是股东履行完依据公司法所规定的各项义务后，所获得的一项对公司债权人的权利。

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Partial option to purchase refers to the right of preemption for shareholders to purchase part of the shares transferred by the limited-liability company.

部分行使股权优先购买权是指有限责任公司股东在转让股份时，其他股东希望只优先购买被转让股份中的一部分。

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The process began last year when Manziel formed a Texas-based limited liability company by the name of JMAN2 ENTERPRISES, LLC.

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