Legal basis: Civil Code of People's Republic of China (PRC).
Article 69 A legal person shall be dissolved under any of the following circumstances: (1) The time limit stipulated in the articles of association of the legal person expires or other reasons for dissolution stipulated in the articles of association of the legal person arise; (2) The corporate body is dissolved by resolution; (3) It needs to be dissolved due to the merger or division of a legal person; (4) The legal person has its business license and registration certificate revoked according to law, and is ordered to close down or be revoked; (5) Other circumstances stipulated by law.
Article 78 A legally established for-profit legal person shall be issued a business license by the registration authority. The date of issuance of the business license is the date of establishment of the profit-making legal person.