1. In general, the number of legal shareholders must be more than 2 and less than 50;
2. Under special circumstances, a state-authorized investment institution or state-authorized department may independently establish a wholly state-owned limited liability company, which is not limited by the fact that the number of shareholders must be more than 2 and less than 50.
Limited liability shareholders are shareholders who are liable to the company to the extent of their shares. The limited liability shareholders shall not be liable for the part other than the capital contribution. A limited liability shareholder shall be indirectly liable for the debts of a limited liability company to the extent of its capital contribution. A limited liability company shall be liable to the creditors with all its assets. Although the company's shareholders have no obligation to pay off the debts directly to the company's creditors, because the company's capital is made up of the contributions of shareholders, paying off the debts to the company's creditors with the company's assets means that shareholders bear certain indirect responsibilities to the company's creditors.
Legal basis: Article 3 of the Company Law of People's Republic of China (PRC).
The 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.