According to the latest company law, the establishment of a limited liability company shall meet the following conditions: (1) the number of shareholders shall reach a quorum; 2) Shareholders' capital contribution reaches the minimum statutory capital; III) Shareholders * * * jointly formulate the Articles of Association; (4) Having a company name and establishing an organization meeting the requirements of a limited liability company; (5) Having a company domicile.
The shareholders mentioned here meet the quorum, specifically in accordance with the following provisions.
Quorum refers to the legal qualifications and limited number of people. Legal qualification refers to the qualification as a shareholder stipulated by national laws, regulations and policies. The quorum is the number of shareholders of a registered limited liability company as stipulated in the Company Law. The company law limits the number of shareholders of a limited liability company to two or more and fifty or less. Therefore, you cannot set up a limited company without shareholders.