Legal analysis: company restructuring refers to the process of changing the original capital structure, organizational form, management mode or system of an enterprise according to law, so as to objectively adapt it to the new needs of enterprise development. Company restructuring should be registered for change. Corporate restructuring can be divided into overall restructuring and partial restructuring. In addition, corporate enterprises, partnership enterprises and sole proprietorship enterprises are the main forms of enterprise restructuring. The objects of enterprise reorganization include limited liability companies and joint-stock companies, especially with the increasing demand for listing, many enterprises take listed joint-stock companies as their reorganization objects.
Legal basis: Article 9 of the Company Law of People's Republic of China (PRC). Where a limited liability company is changed into a joint stock limited company, it shall meet the conditions of a joint stock limited company as stipulated in this Law. When a joint stock limited company is changed into a limited liability company, it shall meet the conditions of a limited liability company as stipulated in this Law. Where a limited liability company is changed into a joint stock limited company, or a joint stock limited company is changed into a limited liability company, the creditor's rights and debts before the company change shall be inherited by the changed company.