Can shareholders of one company start another company?

Legal analysis: Yes, shareholders of one company can set up another company. Legally, no shareholder can only hold shares in one company. As long as the conditions for establishing a company are met, shareholders can set up another company.

Legal basis: Article 23 of the Company Law of People's Republic of China (PRC) shall meet the following conditions for establishing a limited liability company:

(1) Shareholders meet the quorum;

(2) The capital contribution subscribed by all shareholders in accordance with the Articles of Association;

(3) Shareholders * * * agree to formulate the Articles of Association;

(4) Having a company name and establishing an organization meeting the requirements of a limited liability company;

(5) Having a company domicile.