Shareholders do not participate in the operation, and in principle do not bear the losses of the company. Creditor's rights and debts shall be borne by the company as an enterprise legal person. Because the company has the qualification of a legal person, the legal person has independent property rights and is responsible for the company's debts with all its property.
Legal objectivity:
Article 3 of the Company Law A company is an enterprise legal person, with independent legal person property and legal person property rights. The company is liable for its debts with all its property. Shareholders of a limited liability company shall be liable to the company to the extent of their subscribed capital contribution; Shareholders of a joint stock limited company shall be liable to the company to the extent of the shares subscribed by them. Article 4 Shareholders of a company shall enjoy the right to return on assets, participate in major decisions and choose managers according to law.