Who will bear the debts before the company's equity transfer?

Legal analysis: undertaken by the company. The equity transfer does not affect the company's external liabilities, and the company's debts should be borne by the company before and after the transfer. In view of the legal provisions of the "limited liability" of the company's shareholders, shareholders, as investors, shall bear limited liability to the company to the extent of their capital contribution, but shall not be jointly and severally liable for the company's debts. The transfer of the company's equity held by shareholders will not reduce the company's property, nor will it affect the company's continued existence.

As far as creditors are concerned, the target company is a debtor, independent of shareholders, and bears debts according to law, which does not constitute mutual constraints with the transfer of shareholders' equity. Generally speaking, regardless of whether the shareholders transfer their equity, the company's liabilities are borne by the company itself, regardless of whether the shareholders and equity transfer. Legal basis: Article 20 of the Company Law

Shareholders of the company shall abide by laws, administrative regulations and the articles of association, exercise their rights according to law, and shall not abuse their rights to harm the interests of the company or other shareholders; The company's independent legal person status and the limited liability of shareholders shall not be abused to harm the interests of the company's creditors. Shareholders of a company who abuse their rights and cause losses to the company or other shareholders shall be liable for compensation according to law. Shareholders of a company who abuse the independent status of a company as a legal person and the limited liability of shareholders to evade debts and seriously damage the interests of creditors of the company shall be jointly and severally liable for the debts of the company. Article 3 A company is an enterprise legal person, which has independent legal person property and enjoys 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.