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legal entity
General Principles of the Civil Law: A legal person organization is an organization established in accordance with legal provisions that enjoys civil rights, performs civil obligations, has its own property, and independently bears civil liabilities.
Edited at 2024-04-09 16:30:04- One Hundred Years of Solitude Character Relationship Chart
One Hundred Years of Solitude is the masterpiece of Gabriel Garcia Marquez. Reading this book begins with making sense of the characters' relationships, which are centered on the Buendía family and tells the story of the family's prosperity and decline, internal relationships and political struggles, self-mixing and rebirth over the course of a hundred years.
- One Hundred Years of Solitude Character Relationship Chart
One Hundred Years of Solitude is the masterpiece of Gabriel Garcia Marquez. Reading this book begins with making sense of the characters' relationships, which are centered on the Buendía family and tells the story of the family's prosperity and decline, internal relationships and political struggles, self-mixing and rebirth over the course of a hundred years.
- Project Management Process Template
Project management is the process of applying specialized knowledge, skills, tools, and methods to project activities so that the project can achieve or exceed the set needs and expectations within the constraints of limited resources. This diagram provides a comprehensive overview of the 8 components of the project management process and can be used as a generic template for direct application.
legal entity
- One Hundred Years of Solitude Character Relationship Chart
One Hundred Years of Solitude is the masterpiece of Gabriel Garcia Marquez. Reading this book begins with making sense of the characters' relationships, which are centered on the Buendía family and tells the story of the family's prosperity and decline, internal relationships and political struggles, self-mixing and rebirth over the course of a hundred years.
- One Hundred Years of Solitude Character Relationship Chart
One Hundred Years of Solitude is the masterpiece of Gabriel Garcia Marquez. Reading this book begins with making sense of the characters' relationships, which are centered on the Buendía family and tells the story of the family's prosperity and decline, internal relationships and political struggles, self-mixing and rebirth over the course of a hundred years.
- Project Management Process Template
Project management is the process of applying specialized knowledge, skills, tools, and methods to project activities so that the project can achieve or exceed the set needs and expectations within the constraints of limited resources. This diagram provides a comprehensive overview of the 8 components of the project management process and can be used as a generic template for direct application.
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Overview of legal person organization
concept
An organization established in accordance with legal provisions that enjoys civil rights, performs civil obligations, has its own property, and independently bears civil liability
feature
Established in accordance with the law
formal
In accordance with legal provisions (application for registration)
essentially
Name (the most distinctive sign that distinguishes a legal person from other legal persons)
Residence (long-term production and operation property - convenient for jurisdiction)
Property funds (especially corporate legal persons, which have certain business purposes and must have a property foundation)
long term existence
independent legal personality
Participate in civil legal activities in the legal person’s own name
Separation of rights and obligations of legal persons & investors
Legal persons independently assume civil obligations and enjoy civil rights
Legal persons participate in civil litigation activities in their own names
Bear civil liability independently
Bear civil liability with all your property
institutional significance
Reduce transaction costs
Multiple people contribute capital and share related costs
Reduce trading risk
Shareholders bear limited liability, reducing the risk of shareholder bankruptcy
Classification
Civil law classification
different foundations
Corporate legal person - member-based eg. limited liability company
Corporate legal person - property-based eg. foundation
Different legal basis
Public legal person - established in accordance with administrative law, constitution, and administrative orders, e.g. agency legal person
Private legal person - set up according to civil and commercial law, e.g. company
Different purposes of establishment
For-profit legal person - for the purpose of profit, distributing profits to shareholders eg. company
Non-profit legal person - not for profit and cannot distribute property eg. Charitable organization
Intermediate legal person - it is inappropriate to classify it as a for-profit or non-profit legal person, e.g. agency legal person
Legal persons with different nationalities
Domestic legal person - a legal person whose nationality is in the home country
Foreign legal person - International abroad
Special recognition system/restrictions on civil rights capacity
Classification of Chinese Civil Code
profit-making legal person
Non-profit legal person
Public welfare purposes - charitable foundations
Other non-public welfare purposes—eg. Alumni Association
special legal person
Institutional legal person - exercising state power or administrative functions eg. Yuhu District Committee of the Communist Party of China
Grassroots self-governing organizations - villagers committees/residents committees (realizing self-management/service/education/supervision)
Urban cooperative economic organization legal person - public welfare and profit-making (to achieve mutual benefit and win-win results)
Rural collective economic organization legal person - based on the household contract responsibility system