What does the principle of company establishment in the company law mean?

The provisions of the Company Law on the establishment of a company are:

1. To establish a limited liability company, the number of shareholders must reach a quorum, and the capital contribution of shareholders is less than 50 at the time of establishment;

2. The amount of capital contribution subscribed by all shareholders in accordance with the Articles of Association;

3. Shareholders * * * jointly formulate the Articles of Association;

4. Having the company name, domicile and organization.

legal ground

Article 23 of the Company Law of People's Republic of China (PRC)

The establishment of a limited liability company shall meet the following conditions:

(1) Shareholders meet the quorum;

(2) The capital contribution subscribed by all shareholders in accordance with the Articles of Association;

(3) Shareholders * * * agree to 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.

Article 24

A limited liability company shall be established by capital contribution of shareholders with less than 50 persons.