A one-person limited liability company refers to a limited liability company with only one natural person shareholder or one corporate shareholders. From the legal point of view, a one-person limited liability company is a kind of limited liability company, and its essence is the same as that of a general limited liability company, that is, shareholders are only liable for the company to the extent of their subscribed capital contribution, and the company is independently liable for its debts with all its property. When the company's assets are insufficient to pay off debts, shareholders shall not bear joint and several liabilities. However, in the event of a debt dispute, the shareholders of a one-person company cannot prove that the company's property is independent of the shareholders' personal property, and they must bear unlimited joint liability for the company's debts.
Legal objectivity:
Article 62 of the Company Law A one-person limited liability company shall make financial and accounting reports at the end of each fiscal year and audit them by an accounting firm. Article 63 If the shareholders of a one-person limited liability company cannot prove that the company's property is independent of the shareholders' own property, they shall be jointly and severally liable for the company's debts. Article 61 A one-person limited liability company shall not set up a shareholders' meeting. When making the decisions listed in the first paragraph of Article 37 of this Law, the shareholders shall make them in written form, signed by the shareholders and kept in the company.