How do shareholders quit the company

Ways for shareholders to quit the company:

1. If the withdrawal reduces the registered capital, according to the principle of capital determination, the company should change the registered capital and pay the withdrawal money only after the change, otherwise, the registered capital will be withdrawn;

2. Share transfer; Because a limited liability company is a joint venture between capital and people, it needs the consent of other shareholders or the preemptive right of other shareholders before transferring its equity to people other than the original shareholders. Of course, in order to protect the legitimate rights and interests of the parties, the rights and obligations in the equity transfer should be agreed in writing, and the company should also change its industrial and commercial registration due to withdrawal or transfer.

3. Ask the company to buy back. To require the company to buy back the shares held by shareholders at a reasonable price, it is necessary to meet the conditions stipulated in the Company Law. In any of the following circumstances, the shareholders who voted against the resolution of the shareholders' meeting may request the company to purchase its shares at a reasonable price:

(1) The company has not distributed profits to shareholders for five consecutive years, but it has made profits for five consecutive years, and it meets the conditions for distributing profits stipulated in this Law;

(2) The merger, division or transfer of the company's main property;

(3) Upon the expiration of the business term stipulated in the Articles of Association or other reasons for dissolution stipulated in the Articles of Association, the shareholders' meeting will make the Company survive by amending the Articles of Association. The conditions required for the company to buy back shares are very strict. Moreover, even if the above conditions are met, if the company cannot negotiate with the company on the purchase price, it will bring a lawsuit to the court. So there is generally no need to quit in this way.

Legal basis: Article 16 of the Company Law of People's Republic of China (PRC).

Where a company invests in other enterprises or provides guarantees for others, it shall be decided by the board of directors or the shareholders' meeting in accordance with the articles of association; Where the articles of association stipulate limits on the total amount of investment or guarantee and the amount of individual investment or guarantee, it shall not exceed the prescribed limits.

Where a company provides a guarantee for the company's shareholders or actual controllers, it must be resolved by the shareholders' meeting or the shareholders' meeting.

Shareholders specified in the preceding paragraph or shareholders controlled by actual controllers specified in the preceding paragraph shall not participate in voting on matters specified in the preceding paragraph. The voting shall be passed by more than half of the voting rights held by other shareholders present at the meeting.