Private enterprises

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Private enterprises Door Mind Map: Private enterprises

1. Organisational structure: The owner is given full power to decide the enterprise's organistional structure

2. Owners'rights and obligations

2.1. Rights

2.1.1. Decide all matters of the enterprise

2.1.2. Choose methods of mobilising, distributing and utilising capital

2.1.3. Decide to sell or lease the enterprise

2.1.3.1. Leasing of the enterprise

2.1.3.1.1. Nature of transaction: Lease property, name, trademark...

2.1.3.1.2. Liability: The owner is still liable for debts

2.1.3.1.3. Procedure: Report to the business registion office and the tax agency

2.1.3.2. Sale of the enterprise

2.1.3.2.1. Nature of transaction: -Sell property, name, trademark... -Terminate the ownership

2.1.3.2.2. Liability: The owner is still liable for debts incurred before the transaction is conducted

2.1.3.2.3. Procedure: The buyer must re-register the enterprise

2.1.4. Conclude contracts

2.1.5. Be a representative in law of the enterprise

2.2. Obligations

2.2.1. Pay tax

2.2.2. Conduct business activities within the business lines

2.2.3. Be a liable for the quality of goods and services to meet the standards as registered or published

2.2.4. Present the company before courts, arbitrations