#Sample chops 2018 full
#Sample chops 2018 license

The invoice chop is mandatory for issuing official invoices and tax receipts (fapiao). The contract chop grants less authority than the company chop, making it useful for delegating authority. While having a contract chop is not a statutory requirement, this chop can serve in place of the company chop when used for contracts. Many companies use a separate contract chop for signing contracts with their employees or executing agreements between salespeople and clients. Upon registration, it must be recorded with the PSB, and the companyвЂ™s bank. The legal representativeвЂ™s personal chop can be used in place of a signature, or alongside one. A company can only have one legal representative.

#Sample chops 2018 license

The legal representative is the main principal of the company identified on the business license and has the authority to enter into binding obligations on behalf of the company. The legal representativeвЂ™sВ personal chop is a chop owned by the companyвЂ™s legal representative. The chop must be recorded with the PSB and the companyвЂ™s bank. This is why companies will often keep their financial and company chops separate to avoid exposure to misuse. It is a mandatory chop, though the company chop can often be used in its place. The financial chop is used for opening a bank account, issuing checks, authenticating financial documents, such as tax filings and compliance documents, and for most bank related transactions. For example, invoices which must be stamped with a special invoice chop.

However, under some circumstances, certain documents will be required to be stamped with a particular chop. The official company chop has the widest scope of use among all the seals and is a symbol of the rights of the legal persons.ДЄll letters, official documents, contracts, and introduction letters issued in the name of the company, certificates, or other company materials can use the official chop, which will legally bind the company. Official company chopДЄn official company chop is required when any important document is signed and can provide legal authority when opening a bank account or altering the name or business scope of the company. However, this will not be the case for every type of chop, as explained below, and warrants the need for clear internal controls to supervise their responsible use. There are five main types of company seals, and some others that can be applied in special situations.ДЇor some chops, any person could be deemed as authorized to use it if it is in their possession. Regardless, every business should consider diversifying their use of chops. The 5 main types of company chops in ChinaД«eyond the official company chop, a firm will likely need several chops вЂ“ each for a different purpose and used on different types of official documentation вЂ“ depending on its business scope.

#Sample chops 2018 full

The company chop contains the full registered name of the company in Chinese and must be filed at the Public Security Bureau (PSB).

As such, the rights and obligations arising should be borne by the company, not the holder or custodian.ДЇoreign-invested enterprises (FIEs) must produce the company chop after registering with the Administration for Market Regulations (AMR). The companyвЂ™s person-in-charge or other management personnel authorized to hold the seal is only the temporary custodian of the seal. A company seal is the tangible representative and legal evidence of the companyвЂ™s activities abroad. In China, company chops вЂ“ sometimes referred to as a seal or stamp вЂ“ are mandatory for doing business and replace signatures that are used in Western countries. China Briefing explains the different types of company chops in China and the need for strong internal controls to ensure they do not get misused. In China, company chops are mandatory for doing business, and replace signatures as used in Western countries.