ABSTRACT China’s enterprise form adopts legal principle, lack of flexibility and innovation, which restricts the development of China’s economy. The latest revision of the company law has abolished the restriction of registered capital and loosened of market access, and has brought the opportunity and challenge to the innovation and perfection of enterprise form. This paper mainly discusses the value of the guarantee of Limited Liability Company based on the foreign experience to innovate and perfect our country’s enterprise form, and to better promote the development of the socialist market economy.
Cite this paper
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