Legal analysis: limited liability companies belong to the type of non-public economy. According to the law, a limited liability company shall be established with the contribution of less than 50 shareholders, each shareholder shall bear limited liability to the company with the amount of capital contribution subscribed, and the company shall be liable for the debts of the company with all its assets. Limited liability companies include wholly state-owned companies and other limited liability companies.
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.