How to divide the company?

Legal analysis: The process of company division is as follows: 1. The resolution of the shareholders' meeting on the division of the company must be passed by shareholders representing more than two-thirds of the voting rights; 2. Divide property and prepare balance sheet and property list; 3. Notify the creditors within 10 days from the date of making the resolution of separation, and make an announcement in the newspaper within 30 days.

Legal basis: People's Republic of China (PRC) Company Law.

Article 43 The discussion methods and voting procedures of the shareholders' meeting shall be stipulated in the articles of association of the company, unless otherwise stipulated in this Law. The shareholders' meeting shall make resolutions on amending the Articles of Association, increasing or decreasing the registered capital, and on the merger, division, dissolution or change of corporate form of the company, which must be approved by shareholders representing more than two thirds of the voting rights.

Article 175 When a company is divided, its property shall be divided accordingly. When the company is divided, it shall prepare a balance sheet and a list of assets. The company shall notify the creditors within 10 days from the date of making the resolution of separation, and make an announcement in the newspaper within 30 days.