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Advantages and disadvantages of being a legal representative

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Advantages and disadvantages of being a legal representative


        

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  • 2024-06-09 19:00:00

    The advantage of being the legal representative of the company is that it has a high status and considerable income; However, the disadvantage is that the behavior of the legal representative represents the behavior of the company. If the company suffers losses, the legal representative should bear the corresponding responsibility. Legal basis: Article 61 of the Civil Code of the People's Republic of China, in accordance with the law or the articles of association of the legal person, the person in charge of civil activities on behalf of the legal person is the legal representative of the legal person. The legal consequences of civil activities undertaken by the legal representative in the name of a legal person shall be borne by the legal person. The restriction on the representative right of the legal representative by the articles of association of the legal person or the authority of the legal person shall not oppose the bona fide counterpart. Article 62 If the legal representative causes damage to others due to the performance of his duties, the legal person shall bear civil liability. After assuming civil liability, a legal person may, in accordance with the law or the articles of association of the legal person, recover compensation from the legal representative who is at fault.

    Li***

    2024-06-09 19:00:00

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