Prohibit lawyers from becoming shareholders of enterprises

Legal analysis: Lawyers can be shareholders of a company, and there is no explicit provision in the law prohibiting lawyers from being shareholders of a limited liability company or a joint stock limited company. The law prohibits civil servants, law firms, accounting firms and other natural persons or organizations from becoming shareholders of the company. The law restricts civil servants and state workers from engaging in business activities, because their special status will lead to abuse of rights and damage the national interests and the integrity of their positions. At the same time, according to the principle that ordinary citizens are free without being banned. It is ok for lawyers to engage in business activities and become shareholders and directors.

Legal basis: Article 27 of the Lawyers Law of People's Republic of China (PRC) shall not engage in business activities other than legal services.

Article 28 of the Lawyers Law of People's Republic of China (PRC), lawyers may engage in the following businesses:

(a) to accept the entrustment of natural persons, legal persons or other organizations as legal advisers;

(two) to accept the entrustment of the parties in civil cases and administrative cases, to act as agents and to participate in litigation;

(3) Accepting the entrustment of criminal suspects and defendants in criminal cases or legal aid agencies to act as defenders according to law, accepting the entrustment of private prosecutors in private prosecution cases, victims in public prosecution cases or their close relatives to participate in litigation as agents;

(four) to accept the entrustment and represent the complaints of various litigation cases;

(five) to accept the entrustment and participate in mediation and arbitration activities;

(6) Accepting entrustment to provide non-litigation legal services;

(seven) to answer questions about the law and write litigation documents and other documents related to legal affairs.