Set up a Chinese business partnership
In a partnership, you and your partner (or partners) personally share responsibility for your business. This includes:
1. any losses your business makes
2. bills for things you buy for your business, like stock or equipment
Partners share the business’s profits, and each partner pays tax on their share. A partner doesn’t have to be an actual person. For example, a limited company counts as a legal person and can also be a partner. The nominated partner is responsible for managing the partnership’s tax returns and keeping business records.
Naming your Chinese Partnership
You can trade under your own names, or you can choose another name for your business. You don’t need to register your name. You must include all the partners’ names and the business name (if you have one) on official paperwork, for example invoices and letters.
Register the partnership
You must register your partnership from Chinese Government if you’re the nominated partner. This means you’re responsible for sending the partnership tax return.
The other partners need to register separately.