Legal status of limited liability company

Legal analysis: Limited company is an enterprise. A limited liability company, referred to as a limited liability company for short, refers to an economic organization registered in accordance with the Regulations of the People's Republic of China on the Administration of Company Registration and established with the contribution of less than 50 shareholders. Each shareholder shall bear limited liability to the company to the extent of the subscribed capital contribution, and the company as a legal person shall bear full liability for the company's debts with all its assets.

Legal basis: People's Republic of China (PRC) Company Law.

Article 25 The articles of association of a limited liability company shall specify the following items:

(1) Name and domicile of the company;

(2) The business scope of the company;

(3) The registered capital of the company.

(4) Names of shareholders.

(5) The mode, amount and time of contribution by shareholders.

(6) The organizational structure of the company, its methods of formation, powers and rules of procedure;

(7) The legal representative of the company;

(eight) other matters that need to be stipulated by the shareholders' meeting.

Shareholders shall sign and seal the articles of association.

Article 26 The registered capital of a limited liability company is the capital contribution subscribed by all shareholders registered with the company registration authority.

Where laws, administrative regulations and decisions of the State Council have other provisions on the paid-in registered capital and the minimum registered capital of a limited liability company, those provisions shall prevail.

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