Definition of individual industrial and commercial households

Individual industrial and commercial households refer to citizens who have the ability to operate and are registered by the administrative department for industry and commerce in accordance with the Regulations on Individual Industrial and Commercial Households. Citizens engaged in industrial and commercial operations within the scope permitted by law and approved and registered according to law are individual industrial and commercial households. Individual industrial and commercial households can have a font size.

The provisions of the Civil Code of People's Republic of China (PRC)

Article 54 Definition of individual industrial and commercial households A natural person engaged in industrial and commercial operations is an individual industrial and commercial household after being registered according to law. Individual industrial and commercial households can have a font size.

Article 56 Rules on Debt Undertaking If the debts of individual industrial and commercial households are operated by individuals, they shall be borne by personal property; Family business, with family property; If it is indistinguishable, it shall be borne by family property.

Article 396 Mobile mortgage enterprises, individual industrial and commercial households and agricultural producers and operators may mortgage existing and future production equipment, raw materials, semi-finished products and products. If the debtor fails to perform the due debt or realize the mortgage right according to the agreement of the parties, the creditor has the right to be paid in priority for the chattel when determining the mortgaged property.