Year1
Nanyang Catering Enterprises’ Registered Capital Requirements and Minimum Registered Capital Restrictions According to the requirements of the Company Law, there are two main forms of companies registered in China: limited liability companies and joint stock limited companies. company.
The minimum registered capital of a limited liability company is RMB 30,000, and that of a joint stock company is RMB 5 million. If laws and administrative regulations have higher provisions on the minimum registered capital of limited liability companies and joint stock companies, those provisions shall prevail.
For some companies or foreign-invested enterprises engaged in specific industries, relevant Chinese laws have special provisions. Foreign investors setting up foreign-invested enterprises to engage in such industries should comply with these special provisions.
Provisions on the Ratio between Registered Capital and Total Investment
According to the State Administration for Industry and Commerce’s “Interim Provisions on the Ratio between Registered Capital and Total Investment of Sino-Foreign Joint Ventures”, The ratio of registered capital to total investment of foreign-invested enterprises is as follows:
) If the total investment is less than 10,000 U.S. dollars (including 10,000 U.S. dollars), the registered capital should account for at least 10% of the total investment/
b) If the total investment is between US$10,000 and US$10,000 (including US$10,000), the registered capital shall account for at least 1/2 of the total investment. If the total investment is less than US$10,000, the registered capital shall not be less than US$10,000
br/>
c) If the total investment is between US$10,000 and US$10,000 (including US$10,000), its registered capital should account for at least / of the total investment. If the total investment is less than US$10,000, the registered capital shall not be less than Ten thousand U.S. dollars
) If the total investment is more than ten thousand U.S. dollars, its registered capital should account for at least / of the total investment. If the total investment is less than ten thousand U.S. dollars, the registered capital shall not be less than ten thousand U.S. dollars
< br/> ) If a foreign-invested enterprise encounters special circumstances and is unable to implement the above provisions, it may submit an application report to the Ministry of Commerce for approval by the Ministry of Commerce and the State Administration for Industry and Commerce.
Provisions on the investment period. Sino-foreign joint ventures and cooperative enterprises must specify the investment period in their contracts and articles of association, and foreign-invested enterprises must specify the investment period in their articles of association. If no clear provisions are made, the approval agency will not grant approval, and the registration agency No registration approval will be given.
According to the requirements of the "Company Law", the registered capital of a limited liability company is the capital contribution subscribed by all shareholders registered with the company registration authority. The initial capital contribution of all shareholders of the company shall not be less than 20% of the registered capital, nor shall it be less than the legal minimum amount of registered capital. The remaining part shall be paid in full by the shareholders within two years from the date of establishment of the company. Among them, investment companies can Paid in full within five years.
If a joint-stock company is established through sponsorship, the registered capital shall be the total share capital subscribed by all the promoters registered with the company registration authority. The initial capital contribution of all promoters of the company shall not be less than 20% of the registered capital, and the remaining part shall be paid in full by the promoters within two years from the date of establishment of the company, and investment companies may pay in full within five years.
Preparatory materials required to register a catering company in Nanyang, company name (more than one company alternative name)
, real estate certificate of the company’s registered address and copy of the owner’s ID card
, Original ID cards of all shareholders
, Capital contribution ratio of all shareholders (arrangement of shareholders’ shares in the company)
, Company business scope (the company’s main What business, some scope may involve applying for qualifications or licenses)
The general process and name verification for registering a catering company in Nanyang in 2017: Go to the Industrial and Commercial Bureau to get a & Enterprise (trade name) name pre-approval application form&r, fill in the name of the company you plan to choose, and the Industrial and Commercial Bureau will search online (Intranet of the Industrial and Commercial Bureau) to see if there are duplicate names. If there are no duplicate names, you can use this name, and a certificate will be issued. Zhang & Enterprise (trade name) name pre-approval notice&r.
. Rent: rent an office in a specialized office building. After renting a house, you must sign a rental contract and file it with the Housing Authority.
, Writing & Articles of Association: Articles of Association need to be signed by all shareholders.
. Engrave a private seal: (all shareholders) go to the street where seals are carved to engrave a private seal and tell them to engrave a corporate private seal (square).
Go to an accounting firm to get a "Bank Inquiry Letter": Contact an accounting firm and get a "Bank Inquiry Letter" (must be the original, stamped by the accounting firm).
Company registration: Go to the Industrial and Commercial Bureau to obtain various forms for company establishment and registration, including establishment registration application form, list of shareholders (sponsors), director and manager supervision, legal representative registration form, designated representative or Agent registration form. After completing the form, submit it to the Industrial and Commercial Bureau together with the verification notice, company articles of association, rent contract, and copy of the real estate certificate. The license can be collected in approximately one working day.
With your business license, go to the seal engraving company designated by the Public Security Bureau to engrave the official seal and financial seal. In the following steps, you need to use the official seal or financial seal.
. Apply for the organization code certificate of the enterprise: Go to the Technical Supervision Bureau with your business license to apply for the organization code certificate, which takes several working days.
. Apply for tax registration: After receiving the license, go to the local tax bureau to apply for a tax registration certificate within a few days. Generally, companies need to apply for two types of tax registration certificates, namely national tax and local tax. When applying for a tax registration certificate, you generally must have an accountant, because one of the documents required by the tax bureau is the accounting qualification certificate and ID card. Of course, you can hire an accounting agency to do the accounting.
Go to the bank to open a basic account: Go to the bank to open a basic account with your business license, organization code certificate, and original copies of national tax and local tax.
. Apply for purchase invoices: If your company sells goods, you should go to the national tax to apply for an invoice. If it is a service company, you should go to the local tax to apply for an invoice.
How Nanyang Catering Company reduces its registered capital in 2018 1. The concept of a company reducing its registered capital
The reduction of a company’s registered capital means that the company carries out certain procedures on the registered capital in accordance with the law. The legal act of reducing capital is referred to as capital reduction.
2. Situations in which a company can reduce its registered capital
Excess capital, that is, the company does not need the existing amount of registered capital for normal production and operation or to reduce its business scale.
The company suffered serious losses that cannot be compensated for in the long term. Due to the accumulation of operating losses over the years, the company's profits cannot make up for it even in the next few years. In this case, it is necessary to reduce capital to make up for the accumulated losses.
, the company was separated.
The company's registered capital is still unable to be in place after the expiration date.
The company's false reports, false claims, and evasion of registered capital cannot be corrected even after being punished.
When the company repurchases the company's shareholders' equity, it needs to reduce the registered capital and paid-in capital at the same time. Under any of the following circumstances, shareholders who vote against the resolution of the shareholders' meeting may request the company to acquire their equity at a reasonable price.
(1) The company does not distribute profits to shareholders for five consecutive years, but the company has made profits for five consecutive years and meets the conditions for profit distribution stipulated in this law
(2) The company merges, splits, or transfers its main assets
(3) The business period stipulated in the company's articles of association expires or other reasons for dissolution stipulated in the articles of association arise, and the shareholders' meeting passes a resolution to amend the articles of association to enable the company to survive.
3. Classification of capital reduction
Depending on whether the company's net assets have outflowed or not, capital reduction can be divided into substantive capital reduction and formal capital reduction.
Substantial capital reduction refers to a form of capital reduction that reduces registered capital and at the same time returns a certain amount to shareholders, thus also reducing net assets. This actually gives shareholders priority over creditors to obtain formal protection. Capital reduction refers to a form of capital reduction that only reduces the amount of registered capital, cancels part of the shares, and does not outflow the company's net assets. This form of capital reduction does not produce the flow of funds and is often the behavior of a loss-making enterprise, aiming to reduce the company's registered capital. Close to the level of net assets
4. There are two main ways for a company to reduce its registered capital:
, reduce the total capital contribution, and at the same time change the original capital contribution ratio
, Reduce the capital contribution of each shareholder without changing the proportion of capital contribution.
In actual operation, the above two methods of capital reduction can be used in combination.
Registered catering company capital
WhatsApp
