There are five conditions for the establishment of a subsidiary: the establishment of a subsidiary requires that the shares meet the statutory qualifications and the number of people, and the shareholders * * * jointly contribute and reach the statutory minimum capital. Shareholders * * * are required to formulate the Articles of Association, and subsidiaries shall determine the company name and form a company organization in the form of a limited liability company. Require subsidiaries to be established according to law. 1. If the country is the sole investor (shareholder) and the qualified shares and the number of shares are limited, a wholly state-owned company may be established; Companies and individuals, including rural villagers, resigned and resigned personnel; Retirees and other members, private entrepreneurs and individual industrial and commercial households permitted by national laws, regulations and policies may become shareholders of a limited liability company. The number of shareholders of a limited liability company shall be prescribed by law, ranging from two to fifty. 2. Shareholders * * * The capital contribution of shareholders of a limited liability company can be in cash, or in kind, industrial property rights, non-patented technology and land use rights. The investment in kind must be discounted, and the state-owned assets management department shall conduct accounting and confirmation, and handle the legal procedures for property transfer. Industrial property rights and non-patented technology are used as capital contribution, and the price is fixed, and the capital contribution shall not exceed 20% of the registered capital. To invest in shares with the land use right, the land management department of the people's government at or above the county level must organize the assessment, report to the people's government at or above the county level for examination and approval, and handle the corresponding land use certificate. The minimum registered capital of a limited liability company varies according to the company's business activities. 3. Shareholders * * * agree to formulate the Articles of Association. The establishment of articles of association is an important condition for the establishment of a company and an essential procedure for the establishment of a limited liability company. The articles of association of a limited liability company is the basic provisions on the organization and operation of the company agreed by all shareholders, and it is a document to determine the rights of the company. 4. To determine the company name in the form of a limited liability company, and to form a company to organize the establishment of a limited liability company, the words "limited liability company" must be marked in the company name, and shareholders shall bear limited liability to the extent of their capital contribution. Company institutions include shareholders' meeting, board of directors and board of supervisors. 5. After the articles of association of a legally established company have been formulated and all shareholders have contributed, the company shall apply to the company registration authority for registration of establishment within the statutory time limit, and the representative designated by all shareholders or the agent entrusted by * * * shall submit the application for company registration.
legal ground
Company law.