What type of business is a limited liability company

Other limited liability companies are limited liability companies.

Limited liability company (****) is the most important organizational form for enterprises in China to implement the company system, which refers to the registration in accordance with the provisions of the Regulations of the People's Republic of China on the Administration of Company Registration.

Its advantage is that the establishment procedure is relatively simple, there is no need to issue an announcement, and there is no need to publish accounts, especially the company's balance sheet is generally not disclosed, and the company's internal organization is flexible.

Its disadvantage is that it cannot be publicly issued, and the scope and scale of raising funds are generally relatively small, which is difficult to meet the needs of large-scale production and business activities. Therefore, the form of limited liability company (****) is generally suitable for small and medium-sized non-joint-stock companies.

For entrepreneurship, a limited liability company is a more suitable type of enterprise for entrepreneurship, and most of the investment and financing plans and VIE structures are designed based on a limited liability company.

The business types of LLCs are as follows:

1. National type of enterprises;

2. Private enterprises;

3. To establish a limited liability company, the representative designated by all shareholders or the person jointly entrusted by the company shall apply for establishment and registration to the company registration authority.

What are the conditions for establishing a limited liability company?

To establish a limited liability company, the following conditions shall be met:

1. Shareholders meet the quorum;

2. There is a capital contribution subscribed by all shareholders in accordance with the provisions of the company's articles of association;

3. Shareholders jointly formulate the articles of association;

4. Have a company name and establish an organizational structure that meets the requirements of a limited liability company;

5. Have a company domicile.

[Legal basis].Article 3 of the Company Law of the People's Republic of China.

Definition of the company and the responsibilities of shareholders] The company is an enterprise legal person, with independent legal person property and legal person property rights. The company is liable for the debts of the company with all its property.

The shareholders of a limited liability company are liable to the company to the extent of their subscribed capital contributions; The shareholders of the shares are liable to the company to the extent of the shares they subscribe.

Article 4. Shareholder rights] Shareholders of the company enjoy the rights of asset returns, participation in major decision-making and selection of managers in accordance with the law.

Legal Analysis: LLCs are private business types. China's limited liability company refers to an economic organization registered in accordance with the Regulations of the People's Republic of China on the Administration of Company Registration, established by less than 50 shareholders, with limited liability for the company within the limit of its subscribed capital contribution, and the legal person of the company bears full responsibility for the company's debts with all its assets.

Legal basis: According to Article 23 of the Company Law of the People's Republic of China, the following conditions shall be met for the establishment of a limited liability company:

1) The shareholders meet the quorum; (2) The shareholder's capital contribution reaches the minimum authorized capital limit; (3) The shareholders jointly formulate the articles of association; (4) Have a company name and establish an organizational structure that meets the requirements of a limited liability company; (5) Have a company domicile.

Legal analysis: A limited liability company, also known as a limited liability company, is an enterprise legal person in which shareholders assume responsibility for the company within the limit of their capital contributions, enjoy benefits in proportion to their shares, and the company bears responsibility for the company's debts with all its assets. A limited liability company is a private enterprise.

Legal basis: Article 23 of the Company Law The establishment of a limited liability company shall meet the following conditions:

1) The shareholders meet the quorum;

2) There is a capital contribution subscribed by all shareholders in accordance with the provisions of the company's articles of association;

(3) The shareholders jointly formulate the articles of association;

(4) Have a company name and establish an organizational structure that meets the requirements of a limited liability company;

(5) Have a company domicile.

Legal analysis: A limited liability company is an enterprise legal person, and a limited liability company is established by less than 50 shareholders, and the establishment of a limited liability company shall be established by a representative designated by all shareholders or a person jointly entrusted by the company to apply for pre-approval of the name of the company registration authority.

Legal basis: Article 3 of the Company Law The company is an enterprise legal person, with an independent legal person who has the property rights of a legal person. The company is liable for the debts of the company with all its property.

The shareholders of a limited liability company shall be liable to the company to the extent of their subscribed capital contributions; The shareholders of the shares of **** shall be liable to the company to the extent of their subscribed shares.

Article 23 of the Company Law The following conditions shall be met for the establishment of a limited liability company: (1) the shareholders meet the quorum; 2) There is a capital contribution subscribed by all shareholders in accordance with the provisions of the company's articles of association; (3) The shareholders jointly formulate the articles of association; (4) Have a company name and establish an organizational structure that meets the requirements of a limited liability company; (5) Have a company domicile.

Legal analysis: limited liability company belongs to the non-public economic type, limited liability company (****) is the most important organizational form of China's enterprises to implement the company system, is registered in accordance with the provisions of the "People's Republic of China Company Registration Management Regulations".

Legal basis: Article 10 of the Regulations of the People's Republic of China on the Administration of Company Registration shall comply with the provisions of laws and administrative regulations. If it does not comply with the provisions of laws and administrative regulations, the company registration authority shall not register.

Article 16 The types of companies include limited liability companies and shares. A one-person limited liability company shall indicate in the company registration that it is wholly owned by a natural person or a sole proprietorship by a legal person, and that it is stated in the company's business license.