State-owned industrial, commercial, construction, transportation and other departments to implement independent economic accounting management institutions and some cities according to the industry classification of professional management institutions, also known as companies. With the reform of China's economic system, various companies with legal personality have been established to engage in their own production and business activities in accordance with the articles of association.
Extended data:
The limited liability of the shareholders of the company determines that the shareholders of the investment company can not only meet the needs of investors to seek benefits, but also limit the risks they bear to a reasonable range and increase their investment enthusiasm.
The corporate form is completely divorced from personal color and is a permanent combination of capital. The personal safety of shareholders does not affect the normal operation of the company. Therefore, the company has a long duration and high stability.
The paid-in capital of the company is no longer regarded as an industrial and commercial registration item. At the same time, promote the change of registered capital from paid-in registration system to subscribed registration system, and reduce the cost of starting a business. On the basis of perfecting relevant laws and regulations, the shareholders (promoters) of the company shall independently agree on the amount, mode and duration of capital contribution.
Baidu encyclopedia-company