Characteristics of the Articles of Association
1. Authenticity: Authenticity mainly emphasizes that the contents recorded in the company's articles of association must be objective and consistent with reality.
2. Openness: Openness is mainly aimed at joint stock companies. The contents of the company's articles of association should be made public not only to investors, but also to the public including creditors.
3. Legitimacy: Legitimacy mainly emphasizes that the legal status, main contents, modification procedures and effectiveness of the articles of association are mandatory by law, and no company may violate them. Articles of association is one of the necessary conditions for the establishment of a company. No matter whether a limited liability company or a joint stock limited company is established, all shareholders or promoters must conclude the articles of association.