Legal basis: People's Republic of China (PRC) Partnership Enterprise Law.
Article 2 The term "partnership enterprise" as mentioned in this Law refers to a profit-making organization established within the territory of China in accordance with this Law, in which all partners enter into a partnership agreement, * * * jointly contribute funds, operate in partnership, * * * enjoy the benefits, * * * bear the risks and bear unlimited joint and several liabilities for the debts of the partnership enterprise.
Article 7 The property and lawful rights and interests of a partnership enterprise and its partners shall be protected by law.
Article 8 To establish a partnership enterprise, the following conditions shall be met:
(a) there are two or more partners, all of whom shall bear unlimited liability according to law;
(2) Having a written partnership agreement;
(3) The paid-in capital contribution of each partner.
(4) Having the name of the partnership enterprise;
(5) Having business premises and necessary conditions for engaging in partnership operation.