legal ground
Article 3 of the Company Law of People's Republic of China (PRC) 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 76 of the Civil Law of People's Republic of China (PRC) 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.