Legal analysis: Yes. If it is a limited company, the legal representative acts on behalf of the company, and the repayment responsibility after signing the loan contract shall be borne by the company, and the shareholders shall be liable to the company to the extent of their capital contribution. If it is a partnership, the behavior of the legal representative represents the partnership, and the debts of the partnership are jointly and severally liable by each partner, which is also the fundamental difference between a limited company and a partnership. As long as shareholders have not transferred their shares, they are still shareholders of the company and still have obligations and rights.
Legal basis: Article 149 of the Company Law of People's Republic of China (PRC). Directors, supervisors and senior managers who violate laws, administrative regulations or the company's articles of association when performing their duties shall be liable for compensation.