What does industrial company mean? What exactly is an industrial company?

Industrial companies are usually some production, manufacturing and technical enterprises, while industrial companies generally have many subordinate enterprises (usually more than three). One of the most obvious characteristics of an industrial company is that the goods it provides are absolute objects, or companies with their own factories or entities rely on it, which is contrary to trading companies.

The business scope is divided into five major industries of the national economy, so the industry category of the company does not need to be specifically expressed in the company name, but directly expressed by the words XX Industrial Co., Ltd. and XX Enterprise Development Co., Ltd.

Extended data:

The setup procedure is simple. Generally speaking, you can apply for opening an account as long as you have the conditions of the company law. Shareholders have accumulated and participated in the company's activities, and the organization is flexible. If the number of shareholders is small and the scale is small, there may be an executive director, no board of directors or one or two supervisors, and no board of supervisors. The scale can be enlarged or reduced.

In order to increase capital, the total amount of converted shares should be disclosed to the public relative to the company's net assets. The present value of shares shall be handled in accordance with the provisions of the commercial law on raising shares from social companies.

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