To accept or reject one man company is a hot issue and major focus among the field of Company Law in the last decades.
Some pundits argue that it's too hurry to recognize the law of one-man company under the existing imperfect market economy system.
But long-time testification and alternation of legislation indicates
that one-man company can enable the sole investor to make the most of the limited resposibility to avoid running risks and to maximize the economic efficiency.
The improvement of one-man-company system may meet the demands of establishing modern enterprise system in China, which can fully protect the legal rights of one-man-company's shareholders and creditors.
As one-man company plays an essential role in entrepreneurs' and social development, our country officially defines one-man company in 05's revision of Company Law.
However, it's early to conclude that the establishment of one-man-company system deserves a prevailing praise.
After all, only when it adapts itself to China's state can it turns out to be a healthy law. While there are still some weak points left for many scholars and legal practitioners to study and settle.
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