A Case Study of Seeking Economic Law

First, investment is illegal. Reason: Labor investment in Chair Zhao is illegal. According to China's Company Law, shareholders can contribute in cash, in kind, industrial property rights, non-patented technology and land use rights. Physical objects must be buildings, equipment, raw materials or other materials necessary for the company's production and operation, and materials not needed for the company's production and operation activities shall not be shared in the company as physical objects. Where a shareholder makes a contribution in kind at a fixed price, it shall go through the transfer formalities of the contribution in kind and be verified by the relevant capital verification institution. Second, the election of executive directors and supervisors of the company complies with the law; Third, first of all, the liquidation expenses of the company should be paid, including the expenses required for the evaluation, storage, sale and distribution of the company's property, the announcement expenses, the remuneration of the members of the liquidation team, the fees for entrusted certified public accountants and lawyers, and the litigation expenses. Secondly, pay employees' wages, labor insurance fees and legal compensation; Third, pay the taxes owed; Then, repay the debts of other companies; Finally, distribute the remaining property of the company to shareholders.