Legal analysis: no more than 50 people. The number of shareholders of a limited liability company shall not exceed 50 at most; But there is no minimum number of people, that is to say, a one-person limited liability company can be established. A limited liability company may have 1 shareholder (a limited liability company has 1 shareholder) or no more than 50 shareholders. A joint stock limited company has 2-200 promoters, and may have more than 200 shareholders after issuing shares. For example, a listed company usually has thousands of shareholders.
Legal basis: Article 24 of the Company Law of People's Republic of China (PRC), a limited liability company is established by capital contribution of shareholders with less than 50 members.