The date the company’s business license expires.
Business term refers to the effective duration of the company's existence, which can be categorized into two types: with term and without term. There are three types of time limit:
- Self-designed time limit: The shareholders or the sponsors upload the business term in the articles of association;
- Statutory time limit: refers to the time limit required by the administrative organ to be indicated in the articles of association;
- Open-ended: attitude that the law does not force companies to state.