What responsibility does the shareholder guarantee bear?

Legal analysis: Many companies and business operators know that "limited" in "limited (liability) company" and "joint stock limited company" means that shareholders only bear limited liability for the debts of the company within the scope of capital contribution, but the limited liability of shareholders is based on the premise that shareholders contribute capital and operate the company according to law. In case of legal circumstances, the shareholders shall bear legal liabilities for the debts of the company, and their capital contribution shall not be limited.

Legal basis: Article 28 of the Company Law of People's Republic of China (PRC), shareholders shall pay their subscribed capital contributions in full and on time in accordance with the articles of association. Where the shareholders make capital contributions in cash, they shall deposit their capital contributions in full into the account opened by the limited liability company in the bank. Where capital contribution is made by non-monetary property, the formalities for the transfer of property rights shall be handled according to law.

Where a shareholder fails to pay the capital contribution in accordance with the provisions of the preceding paragraph, he shall be liable for breach of contract to the shareholder who has paid the capital contribution in full and on time.