It is not necessary to have more than two shareholders to set up a company, and one shareholder can also set up a company. According to the relevant laws and regulations, the shareholders of a one-person limited liability company are jointly and severally liable for the company's debts if they cannot prove that their property is independent of the company's property.
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.