Is it legal for employees to buy shares because the company is not listed?

Legal analysis: look at the nature of the company and the way of holding shares. The so-called employee stock ownership means that enterprises provide various preferential conditions so that employees can obtain shares in their enterprises and become shareholders of enterprises. Because equity represents the burden of profit and loss, employees are willing to bear the risk of success or failure in business operation, but employee shares are only applicable to joint stock limited companies.

Legal basis: Item (2) of Article 72 of the Company Law of People's Republic of China (PRC) stipulates that the transfer of its shares to people other than shareholders must be agreed by more than half of other shareholders. Shareholders shall notify other shareholders in writing to agree to the transfer of their shares. If other shareholders fail to reply within 30 days from the date of receiving the written notice, they shall be deemed to have agreed to the transfer. If more than half of the other shareholders do not agree to the transfer, the shareholders who do not agree shall purchase the transferred equity and be deemed to agree to the transfer.

Article 18 of the Partnership Enterprise Law of People's Republic of China (PRC) shall specify the following items:

(a) the name of the partnership and the location of the main business premises;

(2) the purpose and business scope of the partnership;

(3) the name and domicile of the partner;

(4) The mode, amount and duration of capital contribution of the partners;

(five) the way of profit distribution and loss sharing;

(six) the implementation of partnership affairs;

(7) Joining and quitting the partnership;

(8) dispute settlement methods;

(9) dissolution and liquidation of the partnership enterprise.

(10) Liability for breach of contract.