My hotel is full of emperors throughout history.

"What are the conditions?"

Before Chen Mo could speak, Liu Che couldn't help but speak up.

"You need registered capital, a legal representative, a legal business location, articles of association, a capital verification report..."

Liu Che complained repeatedly.

"Today I've truly witnessed how incredibly complicated these rules have become! When I was fighting the Xiongnu, mobilizing troops and procuring supplies wasn't this troublesome!!!"

Upon hearing this, Old Zhu raised an eyebrow and looked at Chen Mo with a surprised expression.

"Do you people from later generations have so many rules?"

"The main purpose is to regulate things so that some people can avoid taking advantage of loopholes."

"I see……"

Old Zhu seemed to be deep in thought.

"We'll take it back to our Great Ming Dynasty and try it out."

"Let's not talk about your Ming Dynasty yet, let's discuss how to set up the company first?"

Ying Zheng turned his gaze to Chen Mo.

"Manager Chen, if we want to establish a company, what difficulties do we need to overcome?"

Chen Mo pondered for a moment.

"First and foremost, the registered capital..."

"That's easy!"

Ying Zheng looked completely unconcerned.

"I'll just give you more things then, won't I? It's just money, right? I don't need it!"

Chen Mo shook his head.

"Gold and the like aren't enough; you need to prove that your money was obtained legally."

Simply put, it means you need to prove that your money is your money.

"What the heck?"

Ying Zheng's eyes widened.

"My money, do I have to prove it's mine?"

"Isn't this a bit pathological?"

"It's just to prevent people from obtaining large sums of money through illegal means."

"Besides that, you can't suddenly have a large amount of income, otherwise the higher-ups will investigate you."

"For example, if you're an ordinary working person and suddenly receive a huge sum of money, how do you think it came about?"

"Can't explain it? Fine, then there's something wrong with your money!"

Chen Mo smiled.

"Actually, that's not wrong. It's good that they're strict, since we don't have to worry about the money we earn through our own abilities."

"..."

Everyone fell silent.

They managed things very well, and even the emperors could understand.

But now they are the ones being governed...

They got stuck in the first step.

Chen Mo looked at the silent crowd, smiled, and said.

"Actually, it's not that there's no way."

Seeing everyone look up, he continued.

"For example, spending twelve million to buy someone else's ten million lottery winnings—although that's less, it's still reasonable, isn't it?"

"In addition, there is a work by a certain artist."

"Hey! I love this piece of work, I'll buy it for ten million!"

"Guess who it ended up with?"

"Besides that, there are various other ways, such as starting a company, as we just mentioned..."

Everyone fell silent again.

Suddenly, Old Zhu seemed to have thought of something.

"Hey kid Chen, we've given you quite a bit of gold lately, haven't we? How did you manage to sell it—I mean... how did you convert it into legitimate money?"

"Me? I asked an elder to help me."

Chen Mo smiled.

Upon hearing this, the emperors were suddenly filled with hope.

"Can a large sum of money be paid later?"

"I'll have to ask about that later."

Chen Mo paused for a moment, then continued.

"Besides that, there's a second issue: the company's legal representative."

"The legal representative of the company?"

Everyone was puzzled again.

Chen Mo pondered for a moment.

"Startups are typically limited liability companies, meaning their liability is limited."

The more they listened, the more confused they became.

Simply put, it means that the company is treated as a person in the law.

Seeing their confused expressions, Chen Mo continued to explain.

"For example, Lao Liu and I invested one million yuan to establish a company. Lao Liu invested 700,000 yuan and I invested 300,000 yuan."

"If it owes ten million, but its total value is only one million, then the remaining nine million doesn't need to be paid."

"If we file for bankruptcy directly, Lao Liu will lose 700,000 yuan, and I will lose 300,000 yuan."

Simply put, the amount of money shareholders invest is the same amount they ultimately lose.

"The fire won't affect the shareholders."

When Lao Zhu heard this, he felt that something was not right.

"If that's the case, what about the people who borrowed the money? Didn't their money just disappear for no reason?"

Chen Mo shrugged.

"That's none of my business. Just consider yourself unlucky!"

"The company is already bankrupt and has no money left, what more do you want?"

Old Zhu fell silent, his brows furrowing.

Chen Mo paused for a moment, then continued.

"Similarly, there is also a legal representative, which is the specific person who legally represents the legal entity in exercising its powers and signing documents."

"This position is usually held by the chairman, executive director, or manager. Their signature is often equivalent to the company's official seal."

Zhu Di immediately pressed for answers.

"Wouldn't that mean the legal representative wields immense power? What if he acts recklessly and racks up a mountain of debts, wouldn't that ruin all the shareholders?"

"Good question."

Chen Mo nodded.

"Therefore, the Company Law also stipulates the powers and responsibilities of the legal representative."

"If he violates the law, the articles of association, or shareholder resolutions and causes losses to the company, he will be required to pay compensation."

"Furthermore, in some cases, if the company commits a crime, the legal representative may also bear corresponding criminal liability."

"Therefore, choosing who to appoint as the legal representative is of paramount importance."

"He must be a trustworthy person who understands basic rules and acts prudently."

As soon as the words were spoken, all the emperors turned to look at their respective crown princes.

Can I trust him?

Knowing the rules and acting prudently?

Isn't this talking about the crown prince?

The four princes exchanged glances, then stepped forward and bowed.

"Your Majesty, I am willing to share your burdens!"

Of course, Zhu Di was an exception, as his crown prince was overseeing the country.

Zhu Di frowned.

We can't really send the Crown Prince over, can we?

What should the imperial court do in that case?

He even planned to drive there on the Northern Expedition!

But the Crown Prince can't possibly handle both matters on his own.

"How about letting that second son have it?"

Suddenly, Zhu Di's eyes lit up, but he quickly shook his head.

"That kid's got a problem, I hope he doesn't end up bankrupting our company!"

"Who else could it be? The third son, perhaps?"

Seeing Zhu Di deep in thought, Old Zhu knew without a doubt what he was thinking, and slapped him across the face.

"What are you thinking?! Of course you're in the same company as us!"

"Forget about the legal representative, just go with Bi'er!"

"Father... but this is the Yongle reign, not the same as your Hongwu reign... Father is wise and mighty, your son supports your decision!!!"

Zhu Di covered his head, intending to say something, but seeing Zhu Yuanzhang starting to loosen his belt again, he quickly changed his mind.

"That's more like it!"

Old Zhu adjusted his belt and sat back down in his chair.

Seeing this, Chen Mo smiled.

"Now that we've talked about the company's legal representative, let's discuss the registered land, which is also quite complicated."