As an independent legal person, the company is liable for its debts with all its property; Shareholders are usually not responsible for the debts of the company. Shareholders of a limited liability company are limited to the amount of capital subscribed, and shareholders of a joint stock limited company are limited to the shares subscribed. However, under certain circumstances, shareholders may bear responsibilities, such as making false capital contributions, withdrawing capital contributions, or abusing the independent status of the company as a legal person and shareholders' limited liability to evade debts, which seriously damages the interests of creditors, and shareholders will bear supplementary compensation or joint liability.
Liability for corporate debts:
1. Liability of shareholders of a limited liability company: shareholders shall bear limited liability for the debts of the company, that is, only to the extent of their capital contribution;
2. Liability of shareholders of a joint stock limited company: it is also limited to the capital contribution of the shares held by them, and there is no need to bear personal responsibility for the debts of the company;
3. Liability of the sole proprietorship enterprise: the investor shall bear unlimited liability for the debts of the enterprise with all his personal property;
4. Liability of the partners of the partnership: the general partner shall bear unlimited joint liability for the debts of the partnership, and the limited partner shall bear limited liability;
5. Liability caused by the company's illegal acts: if the company has illegal acts, shareholders can bear corresponding legal responsibilities;
6. Liability of shareholders for abusing the status of independent legal person: If shareholders abuse the status of independent legal person of the company and cause damage to the interests of the company's creditors, they may be held responsible for penetrating the company's legal person.
To sum up, the debt shareholders of the company generally do not need to bear the responsibility, but under certain circumstances, if the shareholders make false capital contributions, withdraw capital contributions or abuse the independent status of the company as a legal person and the limited liability of shareholders, the shareholders may need to bear supplementary compensation or joint liability.
Legal basis:
Company Law of the People's Republic of China
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.