What is and How to change a Joint Venture's Business Duration (Extension & Cancellation)?

 
What is a Joint Venture’s Business Duration?
A Joint Venture's Business Duration is the valid time of a Joint Venture’s existence since incorporation. A Joint Venture’s Business Duration can be limited duration or unlimited duration, most of them are limited duration.
 
How to change Joint Venture's Business Duration (Extension & Cancellation)?
Since most Joint Ventures’ Business Durations are limited duration, when the limited duration comes to expiry, a Joint Venture should extend the Business Duration to ensure the Joint Venture’s legal existence.
On the contrary, if a Joint Venture has served the purpose of the Investors/Shareholders or the limited duration comes to expiry.
The Joint Venture should file application to cancel it. No matter Extension or Cancellation, we generally call it a change of business duration.
To change a Joint Venture's Business Duration, the investors/shareholders should pass a resolution and find a qualified agency such as WOFEChina.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.

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