2. There is a written partnership agreement. A partnership agreement is a legally binding agreement reached by all partners through consultation and mutual determination of their rights and obligations. The partnership agreement shall be reached by all partners through consultation and concluded in writing. The partnership agreement shall come into effect after being signed and sealed by all partners.
3. The amount of capital contribution actually paid by each partner. The capital contribution of a partner may be in cash, in kind, land use rights, intellectual property rights or other property rights. With the unanimous consent of all the partners, the partners may also contribute capital with labor services. The evaluation method of labor service investment shall be determined by all partners through consultation.
4. Have the name of the partnership enterprise. When establishing a partnership, the partners must determine the name of their partnership. The name must comply with the relevant provisions of the enterprise name management.
5. Having business premises and necessary conditions for engaging in partnership operation.
Legal basis:
Article 14 of the Partnership Enterprise Law of People's Republic of China (PRC) shall meet the following conditions: (1) There are two or more partners. Partners who are natural persons shall have full capacity for civil conduct; (2) Having a written partnership agreement; (3) The amount of capital contribution subscribed or paid by the partners; (4) Having the name of the partnership enterprise and the place of production and business operation; (5) Other conditions stipulated by laws and administrative regulations.