A joint venture refers to an enterprise invested and established in the name of the state, enterprises and individuals as a legal person investor. When the enterprise is established, all the assets invested by the owner are recorded as paid-in capital.
Generally refers to Sino-foreign joint ventures? A Sino-foreign joint venture is an enterprise which is jointly funded by China investors and foreign investors, operates jointly, gains and losses, and bears risks.
Foreign investors can be enterprises, other economic organizations or individuals. At present, the joint venture in China is limited to enterprises and other economic organizations, excluding individuals and individual enterprises.
With the approval of the examination organ, the joint venture is a legal person in China, which is governed and protected by the laws of China. Its organizational form is a limited liability company.
At present, the joint venture company cannot issue shares, but shares the profits and losses in proportion to the investment of the parties to the joint venture.
References:
Joint venture Baidu encyclopedia