What is and How to change a Joint Venture's Business Scope?

What is and How to change a Joint Venture's Business Scope?

 
What is a Joint Venture’s Business Scope?
A Joint Venture’s Business Scope is a business list for a Joint Venture permitted to engage in. A Joint Venture can only engage in the business listed in the Business Scope. So, it’s important for the investors/shareholders of a Joint Venture to set a proper and comprehensive Business Scope when incorporate.
Some certain business requires special license, like food & beverage, liquor, medical equipment, etc.
 
What if a Joint Venture engages in business that is not listed in the Business Scope?
The Joint Venture company is likely to get fined and/or administrative punishment or even revoke of the business license, which means the Joint Venture is not allowed to do business in China, cease to exist.
 
How to change Joint Venture's Business Scope?
When the investors/shareholders deem necessary, a Joint Venture can file application to change Joint Venture’s Business Scope, add or reduce business scope.
To change a Joint Venture's Business Scope, the investors/shareholders should pass a resolution and find a qualified agency such as Joint VentureChina.com to submit legal documents to relevant administration departments.
 
For detailed information, please contact our consultant: leo@wofechina.com.
 
WOFEChina.com has successfully helped investors from more than 50 countries (regions) all over the world registered Wholly Owned Foreign Enterprises (WOFE), Joint Ventures (JV), Shanghai Representative Offices (RO), and provide one-stop business solution, including Trademark Registration, Bookkeeping, etc. We have a very skilled consultant team, a set of efficient operation system. We provide high-quality customized services with reasonable price and accurate information, that’s what makes us different.

WeChat

Shanghai QiXiang Business Consulting Co., Ltd.

www.WOFEChina.com

Contact: Leo Zhang

Mobile Phone:+86 185 1632 9606

Skype: Leo.C.Zhang

QQ:230 911 4493

Email: leo@wofechina.com

WeChat/WhatsApp: +86 185 1632 9606