Legislative Study Of The One-man Company

This paper mainly discusses the special corporation form in the corporation law -one-man company. With regard to the pattern of limited liability company, recognizing the incorporation and continuation of the formal one-man company, has become the trend of the legislation of modern company law. To begin with, the paper infers the meaning and characteristics of one-man company. Then, the paper analyses the theoretical and practical rationality of one-man company. Practically, the existence of one-man company is the requirement of the development of social economy. Theoretically, the emergence of one-man company moves the basis of association quality. Next, the paper reveals that the nature of one-man company is profitable legal person having characteristics of independent personality and property. So we should admit the formal one -man company in legislation and harness it in legal rules in order to keep a lookout its abuses. This paper also analyses the company governance structure of one-man company and proposes the legislation of our country about one-man company.