Shareholders’ Obligations in the Process of Dissolution and Self-liquidation of Limited Liability Companies Abstract

Abstract

The Chinese Company Law clearly stipulates that when a company is dissolved due to the expiration of the business term or the articles of incorporation or when the business license is revoked, ordered to be closed or revoked by the administrative organ, the company is obliged to set up a liquidation group within fifteen days from the date of the above-mentioned dissolution to start the dissolution and liquidation of the company. This article mainly discusses the limited liability company in the face of the above dissolution and liquidation of the situation, the shareholders should assume the relevant obligations.