Part #2 I had mentioned on juridical person that would help or harm you unless you are prepared and ready for it. So how to prevent most important is your company Mergers and Acquisitions (M&A).
M&A in China is called as 章程 could be registered as bookkeeping by China Commercial and Industrial Bureau (工商局) for law enforcement. If you afraid of your assigned juridical person’s betrayal you could simply state the rules and regulations taking advantage on local jurisdiction to restrict your juridical person. There is a trick here, if your business registration (BR) has no other shareholders but only a juridical person as a representative on local jurisdiction he has the authority and rights to overwrite your M&A, hence you as the boss has no protection. But if your BR consists of a few shareholders and states their authority clearly in M&A, example any alterations on M&A must seek approval during board meeting by all shareholders, this could restrict your juridical person. Furthermore M&A would be submitted to China Commercial and Industrial Bureau for jurisdiction purpose, so you have double protection!
By using above method regardless your juridical person whether is a local or a foreigner you will not have trouble if he sell away your company.If your juridical person is a foreigner and don’t have a Chinese name you have to get a Chinese name register at local immigration department otherwise you can’t authorise him in BR. Remember in China M&A only recognise in Chinese but for your headquarter you could translate into English by a legal firm as a bookkeeping but will not enforce by China jurisdiction. Another importance you have to decide in your BR is your company’s business scope (经营范围), this directly will determine your legal rights in running business in China, be careful on all Chinese terms use and must be cross match with your custom permit if you entitled on free tax imports. Once your BR is registered other licenses like hygiene permit, environmental permit would be easier to apply but you could state the contact person in other license as different name, not mandatory on juridical person! This would give you better advantage using your trustworthy person to monitor your juridical person progress on any betrayal in other government authorities.
In my next article I will discuss further on local management, a good starting will save you lots of money otherwise will become a time bomb!

Copyright protected by Digiprove © 2010 Cyrus Chang
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hey I saw that there is a site that is stealing all of your posts!! Do you want me to send you their site??
I’d have to admit with you on this. Which is not something I typically do! I love reading a post that will make people think. Also, thanks for allowing me to speak my mind!
extreme entry you’ve get hands on
I’d come to give the go-ahead with you on this. Which is not something I usually do! I enjoy reading a post that will make people think. Also, thanks for allowing me to speak my mind!
I’d be inclined to clinch the deal with you here. Which is not something I usually do! I enjoy reading a post that will make people think. Also, thanks for allowing me to speak my mind!
Splendor is everywhere a new welcome guest.
Hey this is a great article . Can I use part of it on my page? I would obviously link back to your article so people could view the complete post if they wanted to. Thanks either way.
Beauty throughout things exists inside mind which contemplates all of them.
Personality is higher than intelligence. A great soul is going to be strong to live as well as think.
Grand poteau ! Merci pour prendre le temps d’écrire quelque chose qui est réellement en valeur la lecture. Trop souvent je trouve l’information inutile et pas quelque chose qui sont réellement appropriées. Merci pour votre dur labeur.
Hey mate, greetings from New York!
These tips are so true
Großer Pfosten! Dank für das Nehmen der Zeit, etwas zu schreiben, das wirklich wert Messwert ist. Zu häufig finde ich unbrauchbares Info und nicht etwas, das wirklich relevant ist. Dank für Ihre harte Arbeit.
Wierd , your page shows up with a orangeish hue to it, what color is the primary color on your site?
I will use your advice from now on. Jaap
I will use your advice from now on. Jaap
I was just chatting with my friend about this last week over lunch . Don’t remember how we landed on the topic actually , they brought it up. I do remember having a amazing chicken salad with sunflower seeds on it. I digress…
Hey man , thanks 4 writing but this article doesn’t format correctly in IE it is doubled up.
Hey I was just looking at your post on my Samsung Phone and I was wondering how well it will work on the new ipad thats coming out. Fleeting thought…. Anyway thanks!
Interesting , how do I apply this?
Because of their experience they may came across all the situations whether it is critical or simple in their life. Sometimes the quotes are also called as proverbs.
Hey mate, greetz from Brazil !
¡Gran poste! Gracias por tardar la época de escribir algo que está realmente digno de la lectura. Encuentro demasiado a menudo el Info inútil y no algo que es realmente relevante. Gracias por su trabajo duro.
Hey, I just hopped over to your site via StumbleUpon. Not somthing I would normally read, but I liked your thoughts none the less. Thanks for making something worth reading.
These tips are so true
Großer Pfosten! Dank für das Nehmen der Zeit, etwas zu schreiben, das wirklich wert Messwert ist. Zu häufig finde ich unbrauchbares Info und nicht etwas, das wirklich relevant ist. Dank für Ihre harte Arbeit.
outstanding post! great advice, will take on board!
Hé c’est un grand poteau. Est-ce que je peux employer une partie là-dessus sur mon emplacement ? Je naturellement lierais à votre emplacement ainsi les gens pourraient lire le plein article s’ils voulaient à. Remercie l’une ou l’autre manière.
outstanding post! great advice, will take on board!
Well I found this on Digg, and I like it so I dugg it!
¡Gracias!
These tips are so true
I like the first point you made there, but I am not sure I could pratcially apply that in a postive way.