company law

Article 1

The term "company" as used in this Act refers to a corporate legal person organized, registered and established in accordance with this Act for the purpose of profit-making.

The company shall abide by laws and business ethics when operating its business, and may take actions that promote public interests to fulfill its social responsibilities.

Article 2

There are four types of companies:

1. Unlimited company: refers to a company organized by two or more shareholders and jointly and severally liable for the company's debts with unlimited liability.

2. Limited company: a company organized by more than one shareholder, which is responsible for the company's liability within the limit of its capital contribution.

3. Limited liability company: refers to an organization formed by one or more unlimited liability shareholders and one or more limited liability shareholders. The unlimited liability shareholders are jointly and severally liable for the company's debts; the limited liability shareholders are responsible for the company's liability to the extent of their capital contribution. company.

4. Joint stock company: refers to a company organized by two or more shareholders or one government or legal person shareholder, with all capital divided into shares; the shareholders are responsible for the company's responsibilities for the shares recognized by them.

The company name should indicate the type of company.