1. The number of partners in a general contract is two or more. Where the number of limited partners is between two and fifty, there must be a general partner.
2. General partnership enterprise name standard general partnership. The name of a limited partnership enterprise shall be marked with the words limited partnership.
3. Partners in a general partnership may make capital contributions in cash, in kind, intellectual property rights, land use rights or other property rights, or they may make capital contributions in labor services. A limited partner of a limited partnership enterprise may not contribute with labor services.
4. All partners in a general partnership enjoy the rights of partnership. A limited partnership must be executed by the general partner.
Legal basis: People's Republic of China (PRC) Partnership Enterprise Law.
Article 14 The establishment of a partnership enterprise shall meet the following conditions: (1) There shall be two or more partners. Partners who are natural persons shall have full capacity for civil conduct; (2) Having a written partnership agreement; (3) The amount of capital contribution subscribed or paid by the partners; (4) Having the name of the partnership enterprise and the place of production and business operation; (5) Other conditions stipulated by laws and administrative regulations.
Article 15 The name of a partnership enterprise shall be marked with the words "general partnership".
Article 26 Partners shall enjoy equal rights in the execution of partnership affairs. According to the partnership agreement or the decision of all partners, one or several partners may be entrusted to perform partnership affairs on behalf of the partnership enterprise. If a legal person or other organization acts as a partner to carry out partnership affairs, it shall be carried out by its designated representative.
Article 16 Partners may make capital contributions in cash, in kind, intellectual property rights, land use rights or other property rights, or they may make capital contributions in labor services. Where a partner contributes capital in kind, intellectual property rights, land use rights or other property rights, it may be determined by all partners through consultation, or it may be entrusted by all partners to a statutory appraisal agency for appraisal. Where the partners contribute capital by labor services, the evaluation method shall be determined by all partners through consultation and agreed in the partnership agreement.
Article 61 A limited partnership enterprise shall be established by two or more and fifty or less partners. However, unless otherwise provided by law. A limited partnership enterprise shall have at least one general partner.
Article 62 The name of a limited partnership enterprise shall be marked with the words "limited partnership".
Article 64 A limited partner may make capital contributions in cash, in kind, intellectual property rights, land use rights or other property rights at a fixed price. A limited partner may not contribute capital with labor services.
Article 67 In a limited partnership, the general partner shall carry out the partnership affairs. The executive partner may require that the remuneration and the method of remuneration extraction for executive affairs be stipulated in the partnership agreement.