Limited liability company (limited company for short) is the most important organizational form for Chinese enterprises to implement corporate system. Its advantage is that the establishment procedure is relatively simple, and there is no need to issue an announcement or account number. In particular, the company's balance sheet is generally not open, and the company's internal institutions are flexible.

Its disadvantage is that it is impossible to issue shares publicly, and the scope and scale of funds raised are generally small, which is difficult to meet the needs of large-scale production and operation activities. Therefore, the form of limited liability company (limited company) is generally suitable for small and medium-sized non-joint-stock companies.

The legal representative refers to the principal responsible person who exercises civil rights and performs civil obligations on behalf of a legal person according to law.

Article 48 of the Civil Procedure Law of People's Republic of China (PRC) stipulates that a legal person shall file a lawsuit by his legal representative; Other organizations are sued by their principal responsible persons. The legal representative has the right to directly represent his unit to the people's court to sue and respond, and his litigation behavior is the litigation behavior of his unit (or legal person), which has legal effect directly on his unit (or legal person).

Extended data:

Contact information of legal person and legal representative:

1. Legal person is the concept corresponding to natural person.

A natural person is a person in nature, that is, human beings (I don't know if Neanderthals count), who are concrete and self-conscious.

A legal person is a legal person, organization or institution, abstract and virtual, and has no independent consciousness.

Natural persons are restricted by civil law and criminal law, while legal persons are only restricted by civil law, and criminal law is not applicable.

Legal person is the personification of an imaginary community by human beings. As A Brief History of Mankind says, human beings are good at and willing to create virtual communities and rely on these imaginary communities to survive.

2. Legal representative

Since a legal person has no independent consciousness, but needs to act normally in the society and market, he needs a "thing" with independent consciousness to "represent" it, just as the trio sent Naoko to communicate with human beings on their behalf before reaching the earth.

However, at this stage, legal persons do not have their own "wise men", so they can only be represented by a "natural person" (perhaps artificial intelligence will be used as this representative in the future). This natural person representing a legal person is called a legal representative, which corresponds to the legal person one by one. A company has one and only one legal representative, usually a major shareholder, chairman, executive director or CEO.

References:

Baidu encyclopedia-limited liability company

Baidu Encyclopedia-Legal Representative