What does a leather bag company mean?

A leather bag company refers to an individual or collective who only carries leather bags to engage in social and economic activities without fixed assets, fixed business premises and fixed personnel. Also known as a leather bag dealer.

Later, the term "shell company" was used to refer to those groups engaged in illegal business and fraudulent activities, mostly those companies engaged in fraud.

At present, the threshold for domestic registered companies is very low. In some places, a company can be registered for one yuan, which also brings convenience for registering a leather bag company.

If you become the legal representative of a leather bag company, you must bear legal responsibility for this company. In other words, once something happens to this company, as the legal representative of the company, you will be investigated for legal responsibility as the first responsible person. Therefore, once you become the legal representative of the leather bag company, if you are cheated, you must not sign any documents and call the police in time.

Extended data:

Illegal judgment of leather bag company:

The Criminal Code of People's Republic of China (PRC)? Article 266

Whoever defrauds public or private property in a relatively large amount shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or public surveillance, and shall also, or shall only, be fined; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than ten years.

And impose a fine; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment, and shall also be fined or confiscated. Where there are other provisions in this Law, such provisions shall prevail.

Whether it is legal to open a leather bag company depends on the actual situation of the law. As long as the company is operating in accordance with the law and the requirements of the industrial and commercial bureau, it is not necessarily illegal to open a leather bag company.

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Baidu Encyclopedia-People's Republic of China (PRC) and China Criminal Law