Legal analysis: Limited company is a limited liability company, which is the most important organizational form for China enterprises to implement corporate system. Shareholders shall be liable to the Company to the extent of their capital contribution, and enjoy the benefits in proportion to their shares. The company takes all its assets as an enterprise legal person.
Legal basis: Article 2 of the Company Law of People's Republic of China (PRC) The company mentioned in this Law refers to a limited liability company and a joint stock limited company established in China according to this Law.