1. Without a business license, the company is operating without a license. Unlicensed operation shall be investigated and dealt with by the administrative department for industry and commerce, but there are some business behaviors that need to be managed by the competent department of industry. Without obtaining the pre-licensing approval and business license, the pre-licensing department shall investigate and deal with them.

2. Legal basis: Article 76 1 of the Civil Code of People's Republic of China (PRC).

Factoring contract is a contract in which the creditor of accounts receivable transfers the existing or future accounts receivable to the factor, and the factor provides services such as financing, accounts receivable management or collection, and accounts receivable debtor's payment guarantee.

Article 762

The content of factoring contract generally includes business type, service scope, service term, basic transaction contract, accounts receivable information, factoring financing or service remuneration and payment method, etc.

Factoring contracts shall be in written form.

2. What materials does the company need to register its business license?

1. Application for company establishment registration signed by the legal representative of the company;

2. Articles of Association signed by all shareholders;

3. corporate shareholders qualification certificate or identity card of natural person shareholder and its copy;

4. Copies of appointment documents and ID cards of directors, supervisors and managers;

5. Certificate of designated representative or entrusted agent.