What are the procedures for company transfer?

The following legal procedures are required to transfer the company: 1. Both parties to the transfer reach an agreement through consultation and sign a transfer agreement according to law; 2. Prepare the company's balance sheet and property list; 3. Inform the creditors in time and make an announcement in the newspaper; 4. Handle the change registration and cancellation registration of the transferring company according to law.

legal ground

Article 172 of the Company Law of People's Republic of China (PRC) * * * The merger of companies can adopt absorption merger or new merger. A company absorbs other companies for merger, and the absorbed company is dissolved. The merger of two or more companies to form a new company is a new merger, and the parties to the merger are dissolved. Article 173 When a company is merged, all parties to the merger shall sign a merger agreement and prepare a balance sheet and a list of assets. The company shall notify the creditors within 10 days from the date of making the merger resolution and make an announcement in the newspaper within 30 days. Creditors may, within 30 days from the date of receiving the notice, or within 45 days from the date of announcement if they have not received the notice, require the company to pay off debts or provide corresponding guarantees. Article 174 When a company is merged, the creditor's rights and debts of the merging parties shall be inherited by the surviving company or the newly established company after the merger.