legal ground
Article 23 of People's Republic of China (PRC) Company Law The establishment of a limited liability company shall meet the following conditions: (1) The number of shareholders shall meet the quorum; (2) The capital contribution subscribed by all shareholders in accordance with the Articles of Association; (3) Shareholders * * * agree to formulate the Articles of Association; (4) Having a company name and establishing an organization meeting the requirements of a limited liability company; (5) Having a company domicile.