One-Man Company And Disregard Of Corporate Personality System

The new"company law PRC"(2005 revision) has established the legal status of the one-member company. But we shouldn't pause to one-member company's discussion in its validity ,but should analyze its unique legal nature. The personality of one-member company is often abused by shareholders,which thereby making one-member company lay particular emphasis not on their legitimacy but on their norm. When the personality of one-member companies is abused, admitting their personality does not accord with the original purpose of giving their personality, so it is necessary to deny the corporate personality. Based on one-member companies and the disregard of corporate personality, this article illustrates in detail how law of corporation in our country regulates one-member companies by disregard of corporate personality in practice. At the same time, this article makes brief explanation of matters needing attention in application. Through the above elaboration, this article has made profoundly discussed to the regulation of legal persons in corporation.