Is the legal person's liability limited or unlimited?

A legal person shall bear limited liability. Although the legal representative is the representative who exercises the functions and powers of the company, he is also one of the shareholders. 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. However, if it cannot be proved that the company's property is independent of personal property, the legal representative and shareholders shall bear joint liability.

1. What is a legal person?

A legal person refers to a social organization that has the capacity for civil rights and civil conduct, can independently undertake civil obligations and enjoy civil rights according to law. It is a kind of legal fiction and a means for natural persons to achieve specific purposes. It has independent property and can be divided into profit-making legal person and non-profit legal person according to its purpose of establishment.

Second, what responsibilities does the legal person need to bear?

1, and bear civil liability for the business activities of its legal representative and other staff;

2 enterprises owned by the whole people as legal persons shall bear civil liability for the property authorized by the state to operate and manage;

3. Collective-owned enterprises as legal persons shall bear civil liability with the property owned by the enterprise;

4. Chinese-foreign equity joint ventures, Chinese-foreign contractual joint ventures and foreign-capital enterprises as legal persons shall bear civil liability with the property owned by the enterprises, except as otherwise provided by law;

5. Enterprises, enterprises and institutions shall operate independently according to the contract, and their rights and obligations shall be stipulated in the contract, and each shall bear civil liabilities.

To sum up, the liability of legal persons is limited. As long as it is a company legal person, it needs to bear corresponding responsibilities.

Legal basis:

Article 9 of the Company Law of People's Republic of China (PRC)

When a limited liability company is changed into a joint stock limited company, it shall meet the conditions of a joint stock limited company as stipulated in this Law. When a joint stock limited company is changed into a limited liability company, it shall meet the conditions of a limited liability company as stipulated in this Law.

Where a limited liability company is changed into a joint stock limited company, or a joint stock limited company is changed into a limited liability company, the creditor's rights and debts before the company change shall be inherited by the changed company.