Concept and characteristics of limited liability company

(1) Concept: refers to an enterprise legal person established by all shareholders in accordance with the Company Law, and each shareholder is liable to the company within the limit of its capital contribution, and the company is liable to the company's debts with all its assets.

1, function:

(1) There are certain restrictions on the number of shareholders of a limited liability company, which must be less than 50;

(2) Shareholders shall bear limited property liabilities to the Company to the extent of their capital contribution;

(3) Limited liability companies do not publicly raise capital;

(4) The scale of the company can be large or small, with strong adaptability;

(5) The company has simple establishment procedures and flexible organization.

2. Conditions for establishment:

(1) The number of shareholders meets the quorum;

(2) The capital contribution of shareholders reaches the minimum statutory capital of 30,000 yuan;

(3) Shareholders * * * jointly 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.

Mode of contribution: monetary contribution; Contributions in kind; Intellectual property investment; Capital contribution of land use right.

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