Have legal effect. Whether it is a limited liability company or a joint stock limited company, whether the shareholders contribute their capital in kind, currency, intellectual property or other ways permitted by law, it is a transfer of ownership, not just for the company's use. Under special circumstances, shareholders need to be responsible for the debts of the company. Under the shareholder limited liability system, shareholders are only liable to the company, so the Company Law stipulates that shareholders of a limited liability company are 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.
Legal objectivity:
Article 3 of the Company Law A 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.