A limited company can hold shares by one person and is a one-person limited liability company. Shareholders can be natural persons or legal persons. A one-person limited liability company has independent property rights and is fully responsible for the company's debts. In principle, the shareholders of the company are not liable.
Legal objectivity:
Article 62 of the Company Law 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. 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 37 of this Law, the shareholders shall make them in written form, signed by the shareholders and kept in the company.