Q: now the society encourages individuals to start their own businesses. I also want to make use of my own skills to start a business. But I heard that the minimum registered capital of a company is 100 thousand yuan. I don't have so much cash on hand. How can I realize my desire to start a business? What are the provisions of the law on capital contribution?

Answer: in our current law, there are mainly legal ways to start a business: apply for registration, engage in individual industry and commerce, establish limited liability company, set up partnership enterprise and set up individual proprietorship enterprise.

If you engage in entrepreneurial activities mainly based on your own or family members' labor, such as retail and catering, hairdressing, laundry, flower shop, newspaper retail and other social services, it is recommended that you apply for registration as an individual industrial and commercial household.

The funds of individual industrial and commercial households have no statutory requirements, and their operating income is owned by citizens or families.

However, individual industrial and commercial households do not belong to economic organizations, do not have legal personality, and have unlimited joint and several liability for their debts.

Among them, the personal business is paid by personal property, and the family business is paid by family property.

If you want to set up a limited liability company, if you want to set up a limited liability company, according to the company law, the number of shareholders must be more than two or less than 50, and the registered capital shall not be less than the following minimum: 500 thousand yuan for the production and operation or the wholesale business, 300 thousand yuan for commercial retail companies, and 100 thousand yuan for scientific and technological development, consulting and service companies.

Shareholders can make capital contributions in currency or in real estate, industrial property, non patented technology and land use rights.

The real estate, industrial property, non patented technology or land use right as a capital contribution must be assessed, valued and verified, and the price should not be overestimated or underestimated.