Legal basis: Article 57 of the Civil Law of People's Republic of China (PRC) * * * A legal person is an organization with capacity for civil rights and conduct, which independently enjoys civil rights and undertakes civil obligations according to law.
Company Law of the People's Republic of China
Article 7 A company established according to law shall be issued a business license by the company registration authority. The date of issuance of the business license of the company is the date of establishment of the company.
The company's business license shall specify the company's name, domicile, registered capital, business scope, name of legal representative and other matters.
Where the matters recorded in the company's business license change, the company shall register the change according to law, and the company registration authority shall issue a new business license.
Article 13 The legal representative of a company shall be the chairman, executive director or manager in accordance with the articles of association, and shall be registered according to law.
Article 20 Where a company's shareholders abuse the independent status of the company as a legal person and the limited liability of shareholders to evade debts, which seriously damages the interests of the company's creditors, they shall be jointly and severally liable for the company's debts.