Another area where investors struggle is trying to define whatconsti¬tutes a good business. Someone once defined the bestpossible business as a post office box to which people send money.That idea has certainly been eclipsed by the creation ofsubscription Web sites that accept credit cards. Today's mostprofitable businesses are those in which you sell a fixed amount ofwork product—say, a piece of software or a hit recording—millionsand millions of times at very low marginal cost. Good businessesare generally considered those with strong barriers to entry,limited capital requirements, reliable customers, low risk oftech¬nological obsolescence, abundant growth possibilities, andthus signifi¬cant and growing free cash flow.
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The minimum capital requirements for limited liability companies, one-person limited liability companies, and joint-stock companies with limited liability, have all been scrapped.
有限责任公司、私营有限责任公司以及股份有限公司的最低资金门槛都被取消了。
Requirements for the minimum amount of the registered capital of a company limited by shares to be higher than the above amount are provided for in separate laws or administrative regulations.
股份有限公司注册资本最低限额需高于上述所定限额的，由法律、行政法规另行规定。
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