Legal analysis: the term of business refers to the effective time of the company's existence, which is divided into limited and infinite. There are two situations when there is a term: one is a self-created term, which means that the shareholders or promoters stipulate the business term in the articles of association; The second is the statutory time limit, which refers to the time limit required by the management organ to be indicated in the articles of association; Indefinite is an attitude that the law does not force the company to indicate the deadline. Except for a few countries (such as French in 1999 and Belgian in 30), most countries and regions, including China, do not stipulate the operating period, which belongs to the company's self-control behavior. In China, there is no limit to the legal term of operation. It can be written in the articles of association that the term of operation is twenty or thirty years, and it can be renewed at maturity, that is, there is no term of operation. In order to avoid the trouble of renewing the business term, it is generally written as "long-term".
Legal basis: Article 5 of the Provisions on the Administration of Registration of Business Scope of Enterprises applies for permission to operate projects. The applicant shall apply to the examination and approval authority in accordance with the laws, administrative regulations and the decisions of the State Council, and after approval, apply to the enterprise registration authority with the approval documents and certificates. If the examination and approval authority has restrictions on the operating period of the licensed project, the registration authority shall register the operating period, and the enterprise shall engage in business within the operating period approved by the examination and approval authority. To apply for general business projects, the applicant shall independently select one or more business categories with reference to the classification of national economic industries and relevant regulations, and apply for registration directly to the enterprise registration authority according to law.