The restriction on the promoter’s transfer of shares in Art.141 of the Current Company Law ("the shares of the Company held by the promoter shall not be transferred within one year from the date of incorporation of the company") has been removed. At the same time, the New Company Law ...
we must indicate that registering a company is not a simple task. From theinterpretation of the company lawsto preparing the required documents, the process can be overwhelming. But this should not dampen your resolve to expand to China. The best and sure option is using an agency. ...
Article 47 of the 2023 Company Law requires that shareholder(s) of a limited liability company must fully pay up the company’s registered capital amount in accordance with the company’s articles butwithin five yearsfrom the company’s incorporation date (the Capital Contribution Term). The...
they shall elect the members of the board of directors and the board of supervisors, and the board of directors shall submit the company bylaws and other documents set out by laws and administrative regulations to the company registration authority to apply for incorporation registration...
Laws & PoliciesIntroduction of Corporations and PartnershipsBusiness creation, operation and expansion almost always demand considerable time and tremendous efforts. So you’ll clearly want to avoid being in a position where someone else could jeopardize your hard work or take away your achievements. Fo...
By partnering with Horizons for your company incorporation in China, you can save time and money while ensuring that the entire process will be handled efficiently, reliably, and with full compliance to local laws. Local entity or PEO? Which is right for your business? For many businesses, ...
during incorporation are jointly and severally liable for the shortfall in capital contribution. This aligns with the existing mandate for sponsors of joint-stock companies, who similarly assume joint and several liability for th...
LLC is one of the common legal forms used in running a business. A company is incorporated to form an entity that has a separate legal personality, and this implies that an organization can engage in a business and form contracts on its own. Upon incorporation, a company is required to ha...
(9,362) --- - === - --- 13,200 === During January to May of 2000, the Company was in the early stage of incorporation and has not obtained the tax registration certificate, the EIT of the Company during that period in 2000...
shareholders illegally withdraw their registered capital after the incorporation of the company, and the directors, supervisors and senior managers know or should have known such misbehaviors but fail to take necessary measures; In addition, if ...