What do you mean by domestic company? What's the difference with ordinary enterprises?

A domestic company refers to a domestic enterprise that adopts the corporate system, including state-owned assets, collective assets and domestic personal assets.

The differences between domestic companies and ordinary enterprises include the following aspects:

First, the types are different. Domestic companies include limited liability companies and joint stock limited companies; In addition to domestic companies, ordinary enterprises also include sole proprietorships, partnerships and unincorporated business entities.

Second, the legal status is different. A domestic-funded company is a legal person with legal personality, capacity for civil rights and capacity for civil conduct, and independently enjoys civil rights and assumes civil obligations according to law; Ordinary enterprises do not necessarily have legal personality, such as sole proprietorship and partnership.

Third, the registration law is different. The legal basis for the registration of domestic companies is the Regulations of the People's Republic of China on the Administration of Company Registration and the Company Law of People's Republic of China (PRC), while the legal basis for the registration of ordinary enterprises includes the Measures for the Administration of the Registration of Sole proprietorship enterprises and the Measures for the Administration of the Registration of Partnership enterprises.

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