1. A sole proprietorship does not have a shareholders' meeting. As the sole shareholder, it can make shareholder decisions or resolutions, which will be effective with the seal of the sole shareholder. It can have a board of directors or executive directors; a board of supervisors or supervisors.

Therefore, if a board of directors is established, board resolutions can be made. The company's legal representative, manager, and supervisors are determined in accordance with the provisions of the company's articles of association. If there is no special agreement, the general appointment procedure of company law shall be followed.

2. The basic conditions for shareholder qualifications are Party B's transfer of equity or legal contribution to the company. The board of directors is the company's daily management body, and its resolutions do not have the effect of creating shareholder qualifications. A simple board resolution cannot Prove shareholder qualifications.

3. Article 2 of the "Sole Proprietorship Law of the People's Republic of China" The term "sole proprietorship" as mentioned in this Law refers to an enterprise established in China in accordance with this Law, invested by a natural person, and with assets of An operating entity that is owned personally by the investor and bears unlimited liability for corporate debts with his personal property.

Extended information:

"Sole Proprietorship Law of the People's Republic of China"

Article 8 To establish a sole proprietorship, the following conditions must be met:

(1) The investor is a natural person;

(2) There is a legal enterprise name;

(3) There is capital contribution declared by the investor;

(4) Have fixed production and operation sites and necessary production and operation conditions;

(5) Have necessary employees.

Article 9 To apply for the establishment of a sole proprietorship, the investor or his or her entrusted agent shall submit an application for establishment, the investor’s identity certificate, the certificate of use of the production and business site, etc. to the registration authority where the sole proprietorship is located. document. When entrusting an agent to apply for establishment registration, the investor's power of attorney and the agent's legal certification must be presented.

A sole proprietorship shall not engage in business prohibited by laws and administrative regulations; if it engages in business that is required by laws and administrative regulations to be submitted to the relevant departments for approval, it shall submit the approval documents of the relevant departments when applying for establishment registration.

Article 10 The application for establishment of a sole proprietorship shall state the following matters:

(1) The name and domicile of the enterprise;

(2) Investors name and residence;

(3) The amount and method of investment of the investor;

(4) Business scope.

Baidu Encyclopedia - Sole Proprietorship Law of the People's Republic of China