What is the nature of a limited company?

Legal analysis: What is the nature of a limited company? A limited liability company is an enterprise. For an economic organization established by less than 50 shareholders, each shareholder shall bear limited liability to the company with the amount of capital subscribed, and the company shall bear liability for the company's debts with all its assets. Limited liability companies include wholly state-owned companies and other limited liability companies.

Legal basis: Article 3 of the Company Law? 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.