What is enterprise restructuring?

Legal analysis: enterprise restructuring, also known as "enterprise restructuring", refers to the change of enterprise ownership, which is the process of restructuring state-owned enterprises, collective enterprises and township enterprises into corporate systems according to legal procedures, but it also includes the restructuring of other enterprises in a broad sense, such as collective enterprises and joint-stock cooperative enterprises.

Legal basis: Article 3 of People's Republic of China (PRC) Company Law is an enterprise legal person with independent legal person property and legal person property rights. The company is liable for its debts with all its property.

Shareholders of a limited liability company shall be liable to the company to the extent of their subscribed capital contribution; Shareholders of a joint stock limited company shall be liable to the company to the extent of the shares subscribed by them.