(1) It meets the statutory requirements of an enterprise as a legal person and is established upon approval and registration.
(2) Economic organizations engaged in profit-making production and business operations.
(3) independently bear civil liability.
Legal basis: Article 3 of People's Republic of China (PRC) Company Law is an enterprise legal person with independent legal person property and legal person property rights. The company is liable for its debts with all its property. Shareholders of a limited liability company shall be liable to the company to the extent of their subscribed capital contribution; Shareholders of a joint stock limited company shall be liable to the company to the extent of the shares subscribed by them.