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Corporate Service - China

Question

Q&A Regarding Partnership Enterprise (3)

Answer
Q:
When can a partnership enterprise open for business?
A:
Before obtaining the business license of a partnership enterprise, the partners shall not engage in partnership business in the name of a partnership enterprise.

Q:
How to establish a branch of a partnership enterprise?
A:
A partnership enterprise shall apply to the enterprise registration authority where the branch is located for registration and obtain a business license when establishing a branch.

Q:
Does a partnership enterprise need to go through the change registration after its registered items are changed?
A:
Where the registered items of the partnership enterprise are changed, the partners who perform the partnership affairs shall apply to the registration authority for change registration within 15 days from the date of making the change decision or occurrence of the change cause.

Q:
What is the property of the partnership enterprise?
A: The capital contribution of the partners, the income obtained in the name of the partnership enterprise and other property obtained according to law are the property of the partnership enterprise.

Q:
How to transfer the property of the partnership enterprise?
A: Unless otherwise agreed in the partnership agreement, when a partner transfer all or part of his share of property in the partnership enterprise to a person other than the partner, it must be unanimously agreed by the other partners. When transferring all or part of the property share in the partnership enterprise between partners, the other partners shall be informed.

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