Under the new Chinese Company Law of 2005, domestic private investors are allowed to incorporate one-person companies for carrying out their businesses. However, the stringent requirements imposed on these companies have significantly reduced the practical meaning of granting legal recognition to them. This paper reconsiders the assumption behind the present legislation and questions if a special legislative approach is necessary for one-person companies. Copyright © 2012 Sweet & Maxwell.
|Publication status||Published - 2012|
CitationChan, G. Y. M. (2012). Rethinking the legislation for one-person companies in China. Company Lawyer, 33(3), 87-93.
- Chinese company law
- One-person companies
- Limited liability