Is it legal for the company to raise funds from employees?

Legal analysis: It is illegal for a company to raise funds without going through the board of directors or shareholders' meeting, but under normal circumstances, there will be no formal notice or formal resolution document for the company to lend money to employees, especially for a single-shareholder enterprise, which is basically decided by the boss, so it will become ordinary private lending. It is legal for an individual to lend money to the company, and it is also legal for an individual to lend money to an individual, so your final behavior should be summarized as a creditor. Therefore, the company raises funds from employees and other specific personnel for production and operation, which is generally a legal private lending relationship. However, if employees and their relatives and friends know that they are absorbing funds from unspecified objects without stopping them, they may also turn into illegal fund-raising crimes.

Legal basis: Article 12 of the Provisions of the Supreme People's Court on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases. If the borrower or lender's lending behavior is suspected of a crime, or the effective judgment determines that it constitutes a crime, and the parties file a civil lawsuit, the private lending contract may not be invalid. The people's court shall, in accordance with the provisions of Articles 144, 146, 153 and 154 of the General Principles of the Civil Law and Article 13 of these Provisions, determine the validity of private loan contracts. If the guarantor claims not to bear civil liability on the grounds that the borrower's or lender's lending behavior is suspected of committing a crime or that the effective judgment determines that it constitutes a crime, the people's court shall determine the civil liability of the guarantor according to the effectiveness of the private lending contract and the guarantee contract and the degree of fault of the parties.

Article 176 of the Criminal Law of People's Republic of China (PRC), whoever illegally absorbs public deposits or absorbs public deposits in disguised form, thus disrupting the financial order, shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention and shall also or only be fined; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than ten years and shall also be fined; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years and fined. If a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the directly responsible person in charge and other directly responsible personnel shall be punished in accordance with the provisions of the preceding paragraph. Whoever commits the acts mentioned in the preceding two paragraphs and actively returns the stolen goods before bringing a public prosecution to reduce the occurrence of damage results may be given a lighter or mitigated punishment.