What is and How to change a Joint Venture's Legal Representative?

What is and How to change a Joint Venture's Legal Representative

 
1. What is a Joint Venture's Legal Representative?
A Joint Venture’s Legal Representative, is the person(individual) appointed by shareholders/investors and executes the power of civil obligations in the name of the Joint Venture. Generally, a Joint Venture’s legal representative can be the President/Member of Board Directors/Manager of the Joint Venture. The legal representative’s name is registered in the Licenses/Certificates of a Joint Venture.
 
2. Rights and Obligations of Legal Representative:
A legal representative can execute the power, fulfil obligations and participate business activities on behalf of the Joint Venture within the Laws, obligations and articles of incorporation of the Joint Venture.
A legal representative can also entrust some other people act on his/her behalf. To act on a legal representative’s behalf, the entrusted individual should have the power of attorney from the legal representative.
A legal representative can sign legal papers on the capacity of the position.
A legal representative is responsible for the Joint Venture’s business activities. In external relations, a legal representative’s act is the Joint Venture or the company’s act. The relationship between a legal representative and a Joint Venture is representing relation not agency relation.

3. How to appoint a Joint Venture's Legal Representative?
If the shareholders/investors of a Joint Venture is an individual, the best approach is to be the Legal Representative himself/herself. However, if the shareholder(investor) is a big international group, the best approach is to appoint someone who knows Chinese culture well.
 
4. How to change a Joint Venture's Legal Representative?
To change a Joint Venture's Legal Representative, the shareholder or the director board should pass a resolution and find a qualified agency such as WOFEChina.com to submit legal documents to relevant 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 (Joint Venture), 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.

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Email: leo@wofechina.com

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