Can lawyers become shareholders of the company?

Lawyers can become shareholders of the company, but law firms cannot become shareholders of the company. When a lawyer becomes a shareholder of a company, he must buy shares of the company or accept shares transferred by other shareholders, pay the consideration and abide by the provisions of the articles of association.

legal ground

Article 3 of People's Republic of China (PRC) 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.

Article 4

Shareholders of a company shall enjoy the right to return on assets, participate in major decisions and choose managers according to law.

Article 28

Shareholders shall pay their respective subscribed capital contributions in full and on time in accordance with the Articles of Association. Where the shareholders make capital contributions in cash, they shall deposit their capital contributions in full into the account opened by the limited liability company in the bank; Where non-monetary property is used as capital contribution, the formalities for the transfer of property rights shall be handled according to law. Where a shareholder fails to pay the capital contribution in accordance with the provisions of the preceding paragraph, he shall be liable for breach of contract to the shareholder who has paid the capital contribution in full and on time.