The business license is the certificate issued by the administration for Industry and commerce to the industrial and commercial enterprises and individual operators to allow them to engage in certain production and operation activities. The format shall be uniformly prescribed by the state administration of Market Supervision and administration. The registered items are: name, address, person in charge, amount of funds, economic composition, business scope, business mode, number of employees, business term, etc. . Business license is divided into original and copy, both of which have the same legal effect. The original copy shall be placed in a conspicuous place at the company's residence or place of business. The business license shall not be forged, altered, leased, lent or transferred. Industrial and commercial enterprises or self-employed persons without business licenses are not allowed to open businesses. They are not allowed to carve official seals, sign contracts, trademark or advertise. Banks are not allowed to open accounts.
