Premium Essay

International Economic Laws

In:

Submitted By Omar2015
Words 12251
Pages 50
Part 1 Business Enterprises in China
1.0 Introduction
2.0 Proprietorships
3.0 Partnerships
4.0 Corporates

1.0 Introduction
In the People’s Republic of China, business organizations may be classified in to three main classes: individual proprietorships, partnerships, and corporations. The laws that effect these forms of business enterprises are diverse. There is no single code or statute that governs the PRC law of business enterprises. According to the sources of capital, there are domestic capital enterprises which are regulated by Sole Proprietorship Enterprise Law of the People's Republic of China , Partnership Business Law of the People's Republic of China, and Company Law of the People's Republic of China and foreign capital enterprises which are regulated by The Measures for Administration of the Establishment of the Partnership by Foreign Enterprises or Individuals within the Territory of China, Law of the People’s Republic of China on Chinese-Foreign Con-Tractual Joint Venture, Law of the People’s Republic of China on Chinese-Foreign Equity Joint Ventures, and Law of the People’s Republic of China on Foreign – Capital Enterprises. The relevant laws are the Security Law , the Fair Competition Law and the Antitrust Law.
2.0 Proprietorships
2.1What is a sole proprietorship enterprise
A sole proprietorship enterprise means a business entity established within China with its capital contributed by one individual and its assts owned personally by the sole proprietor, who assumes unlimited liability to the extent of his personal assets. (Article 2)
The sole proprietory enterprise is often the rudiment of the company. Some famous companies which belong to the China Time-honored Brand originate in sole proprietory enterprises. China Time-honored Brand enterprises follows and inherits the excellent cultural tradition of the Chinese nation, have

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