Legal analysis: The so-called "limited liability company wholly owned by natural persons" should be a limited liability company with only one natural person shareholder as stipulated in the Company Law. One-person limited liability company, first of all, limited liability company. Of course, the company should first bear limited liability with its assets. In the company law, the shareholders of a one-person limited liability company must enjoy the limited liability privilege on the premise that the shareholders and the company maintain their independent personalities. If there is personality confusion (for example, hotchpot is the main manifestation of personality confusion in the provisions on shareholder responsibility), it may lead to the assumption of shareholder responsibility. The ultimate direct cause of shareholders' liabilities is that the company cannot pay off its debts. If the company's own assets are sufficient to pay off its debts, there is no need to apply shareholder responsibility. If the company can't pay off its debts, the creditor may ask the sole shareholder in a one-person limited liability company to pay off.
Legal basis: Article 57 of the Company Law The provisions of this section shall apply to the establishment and organization of a one-person limited liability company; Where there are no provisions in this section, the provisions in the first and second sections of this chapter shall apply.
A one-person limited liability company as mentioned in this Law refers to a limited liability company with only one natural person shareholder or one corporate shareholders.
Article 58 of the Company Law: A natural person can only invest in the establishment of a one-person limited liability company. A one-person limited liability company cannot invest in the establishment of a new one-person limited liability company.
Article 63 of the Company Law 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.