Legal analysis: According to Article 24 of the Company Law, a limited liability company is established with less than 50 shareholders, and each shareholder can be one, but there are special provisions for a one-person limited liability company: Section III Special Provisions for a one-person limited liability company. Article 57 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 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 59 A one-person limited liability company shall indicate the sole proprietorship of a natural person or a legal person in the company registration, and indicate it in the company business license. Article 60 The articles of association of a one-person limited liability company shall be formulated by the shareholders. Article 61 A one-person limited liability company shall not set up a shareholders' meeting. When making the decisions listed in the first paragraph of Article 38 of this Law, the shareholders shall make them in writing and keep them in the company after being signed by the shareholders. Article 62 A one-person limited liability company shall make financial and accounting reports at the end of each fiscal year and audit them by an accounting firm. Article 63 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.
Legal basis: People's Republic of China (PRC) Company Law.
Article 24 A limited liability company shall be established by capital contribution of shareholders with less than 50 persons.
Article 57 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 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 59 A one-person limited liability company shall indicate the sole proprietorship of a natural person or legal person in the company registration and indicate it in the company business license.
Article 60 The articles of association of a one-person limited liability company shall be formulated by the shareholders.