Traditional legal forms of business include

Legal Analysis: Traditional legal forms of enterprises include sole proprietorships, partnerships, and corporations .

Legal Basis: The Company Law of the People's Republic of China Article 2 The company referred to in this law refers to limited liability companies and joint stock companies established in China in accordance with this law.

The Law of the People's Republic of China on Wholly Owned Enterprises Article 2 A wholly owned enterprise as referred to in this Law refers to a business entity established within the territory of China in accordance with this Law, in which a natural person invests, the property is owned by the investor personally, and the investor bears unlimited responsibility for the debts of the enterprise with his or her personal property.

Partnership Law of the People's Republic of China Article 2 The partnership referred to in this Law refers to the general partnership and limited partnership established within the territory of China by a natural person, a legal person or other organization in accordance with this Law.

A general partnership consists of general partners, who bear unlimited joint and several liability for the debts of the partnership. Where this Law contains special provisions on the form of liability of the general partners, such provisions shall apply accordingly.

A limited partnership consists of general partners and limited partners, the general partners bear unlimited joint and several liability for the debts of the partnership, and the limited partners are liable for the debts of the partnership to the extent of their contributions.