Ordinary partnership company
The Ordinary Partnership Company ( Chinese 普通合伙企业 ) referred in Company Law of China a legal form that the general partnership according to German law is similar. The legal basis is the 2nd chapter of the law of the PR China on partnership companies ( 合伙 企业 法 , abbreviation PUG) in the version of August 27, 2006.
founding
The ordinary partnership company is established by being entered in the business register . The prerequisites for the establishment are mentioned in § 14 PUG:
- At least two fully legally competent partners,
- a written partnership agreement,
- the provision of deposits,
- a company and
- a permanent establishment.
Managing directors
According to § 26 PUG, all partners are entitled to manage the company, but one or more partners can also be commissioned to manage the company. If the latter is the case, the non-executive partners have the right to control the management (Section 27 PUG).
literature
- Feng Ye: The Chinese law on partnership companies: Compared to German law . Peter Lang, Frankfurt 2002, ISBN 978-3-631-38879-2 .
