Company:
A limited liability company, referred to as a limited liability company for short, refers to an economic organization registered in accordance with the Regulations of the People's Republic of China on the Administration of Company Registration and established by shareholders with less than 50 employees. Each shareholder shall bear limited liability to the company to the extent of the subscribed capital contribution, and the company shall bear full responsibility for the company's debts with all its assets. Limited liability companies include wholly state-owned companies and other limited liability companies.