legal ground
Article 1 of the company law
This Law is formulated in order to standardize the organization and behavior of companies, protect the legitimate rights and interests of companies, shareholders and creditors, maintain social and economic order and promote the development of socialist market economy.
second
The term "company" as mentioned in this Law refers to limited liability companies and joint stock limited companies established in China according to this Law.
essay
The company 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.