Can a limited liability company have only one person?

A person can set up a limited company. According to relevant laws and regulations, there are two types of limited companies: limited liability companies and joint stock limited companies. Limited liability companies include one-person limited liability companies, which can be funded by natural person shareholders or by corporate shareholders. A limited liability company, referred to as a limited company for short, is an economic organization registered and established in China by less than 50 shareholders. Each shareholder shall bear limited liability to the company to the extent of the capital contribution subscribed by him, and the company shall bear full liability for the company's debts with all its assets. Limited liability companies include wholly state-owned companies and other limited liability companies. After the company has gone through the industrial and commercial registration, its name is protected by law, and the name approved by the administrative department for industry and commerce should be used in its daily business activities. You can't change, add or subtract any words.

The difference between a limited liability company and a joint stock limited company is as follows:

1. Different in nature: a limited liability company belongs to a "human capital joint venture". Its operation is not only the combination of capital, but also the trust relationship between shareholders. At this time, it can be considered as between partnership and joint stock limited company; Joint-stock companies are typical joint-stock companies, and the unlisted companies in joint-stock companies still have certain humanity.

2. Differences in the forms of equity expression: in a limited liability company, the total equity is not evenly divided, and the shareholders' equity is expressed by the proportion of their subscribed capital contribution, and shareholders enjoy rights and assume responsibilities according to the proportion of their subscribed capital contribution when voting and paying off debts; The total capital of a joint-stock company is divided into smaller shares and shares with the same amount per share, which are subscribed and held by promoters or shareholders. The voting rights of shareholders are calculated according to the subscribed shares, with one vote per share.

3. The difference between the way of establishment and the process: A limited liability company can only raise funds by the promoters, and cannot publicly raise funds, issue shares or go public.

To sum up, the shareholders of a one-person limited liability company are also liable for the company's debts to the extent of their capital contribution. If the company's property cannot be proved to be independent of its personal property, it shall be jointly and severally liable for the company's debts.

Legal basis:

Article 2 of People's Republic of China (PRC) Company Law

The term "company" as mentioned in this Law refers to limited liability companies and joint stock limited companies established in China according to this Law.

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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.