Legal basis: Article 3 of People's Republic of China (PRC) Company Law 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 57 of the Civil Code of People's Republic of China (PRC) * * * A legal person is an organization with civil rights and capacity for civil conduct, which independently enjoys civil rights and undertakes civil obligations according to law.
Article 76 A legal person is a profit-making legal person established for the purpose of obtaining profits and distributing them to shareholders and other investors. For-profit legal persons include limited liability companies, joint stock limited companies and other corporate legal persons.