According to the Company Law of People's Republic of China (PRC)
Article 24 A limited liability company shall be established by capital contribution of shareholders with less than 50 persons.
Article 50 A limited liability company with a small number of shareholders or a small scale may have an executive director instead of a board of directors. The executive director may concurrently serve as the company manager. The functions and powers of the executive director shall be stipulated in the articles of association.
According to the provisions of Article 24, a limited liability company is established by capital contribution of less than 50 shareholders. Considering that there are less than 50 shareholders, generally speaking, at least 25 shareholders are considered as many shareholders, and less than 25 shareholders are considered as few shareholders.
Extended data:
Although there is no specific provision in the Company Law to determine whether a company belongs to a "small scale", the standards of small and medium-sized enterprises are clearly stipulated in the Interim Provisions on Standards for Small and Medium-sized Enterprises formulated by the State Economic and Trade Commission, the State Planning Commission, the Ministry of Finance and the National Bureau of Statistics on February 9, 2003, which is enough for reference.
The "small scale" of a company in the Company Law should at least meet the definition standard of small and medium-sized enterprises in the Interim Provisions on the Standards for Small and Medium-sized Enterprises.
According to Article 4 of the Interim Provisions on Standards for Small and Medium-sized Enterprises, industrial small and medium-sized enterprises must meet the following conditions: less than 2,000 employees, or less than 300 million yuan in sales, or less than 400 million yuan in total assets. Among them, medium-sized enterprises must have at least 300 employees, sales of 30 million yuan and above, and total assets of 40 million yuan and above; The rest are small businesses.
Small and medium-sized enterprises in the construction industry must meet the following conditions: less than 3,000 employees, or less than 300 million yuan in sales, or less than 400 million yuan in total assets. Among them, medium-sized enterprises must meet the employment needs of 600 people and above at the same time, with sales of 30 million yuan and above and total assets of 40 million yuan and above; The rest are small businesses.
Small and medium-sized enterprises in accommodation and catering industry must meet the following conditions: the number of employees is less than 800, or the sales volume is less than10.50 billion yuan. Among them, medium-sized enterprises must meet the needs of 400 employees and above at the same time, with sales of 30 million yuan and above; The rest are small businesses.
Baidu Encyclopedia-China People and China Company Law