According to Article 2 of the Company Law of People's Republic of China (PRC):
The term "company" as mentioned in this Law refers to limited liability companies and joint stock limited companies established in China according to this Law. The company 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.
Shareholders of a company shall enjoy the right to return on assets, participate in major decisions and choose managers according to law. Companies engaged in business activities must abide by laws, administrative regulations, social ethics and business ethics, be honest and trustworthy, accept the supervision of the government and the public, and assume social responsibilities.
Extended data:
According to Article 7 of the Company Law of People's Republic of China (PRC):
To establish a company, it shall apply to the company registration authority for registration of establishment according to law. Those that meet the conditions for establishment as stipulated in this Law shall be registered as limited liability companies or joint stock limited companies respectively by the company registration authority; Those who do not meet the conditions for establishment as stipulated in this Law shall not be registered as a limited liability company or a joint stock limited company.
The public may apply to the company registration authority to inquire about the registered items of the company, and the company registration authority shall provide inquiry services. A company established according to law shall be issued a business license by the company registration authority. The date of issuance of the business license of the company is the date of establishment of the company.
The company's business license shall specify the company's name, domicile, registered capital, business scope, name of legal representative and other matters. Where the matters recorded in the company's business license change, the company shall register the change according to law, and the company registration authority shall issue a new business license.
Baidu Encyclopedia-People's Republic of China (PRC) and China Company Law