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Limited liability company (Limited company) is the most important organization in ChinaForm refers to registration in accordance with the Regulations of the People's Republic of China on the Administration of Company Registration. The advantage is that the establishment procedure is relatively simple, no announcements or accounts are required, especially the company's balance sheet is generally not disclosed, and the company's internal organization is flexible. The disadvantage is that because the stocks cannot be issued publicly, the scope and scale of fundraising are generally small, and it is difficult to meet the needs of large-scale production and operation activities. Therefore, this form of limited liability company (limited company) is generally suitable for small and m...
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