The Limited Liability Company (LLC) form of business organization has become a popular alternative to incorporation because it offers participants limited liability for business obligations; flexibility with regard to ownership and management structure; and classification as a partnership for tax...

On 1 January 2006 the amended Company Law of the People's Republic of China came into effect. The Law contains many provisions on limited liability companies which are substantially different from their Hong Kong counterparts. They include: setting company policies by shareholders, inspection of...