Legal analysis: the loss-making shareholders of the company cannot be retired. Company losses can only be realized through equity transfer, capital reduction or liquidation. Among them, equity transfer means that other shareholders have acquired the equity of the shareholder, or the shareholder has transferred the equity of the company he holds to a third person. The capital reduction of a company means that the shareholders' meeting makes a capital reduction resolution, and the shareholder withdraws from the company after the capital reduction. Company liquidation refers to the resolution of dissolution and liquidation made by the shareholders' meeting. The Company shall conduct liquidation after the establishment of the liquidation group. If the company still has surplus property after paying off debts in legal order, it shall be distributed by shareholders according to the proportion of capital contribution, and the company shall be cancelled.
Legal basis: Civil Code of People's Republic of China (PRC).
Article 75 The legal consequences of civil activities carried out by promoters for the establishment of a legal person shall be borne by the legal person; If a legal person is not established, the legal consequences shall be borne by the founder. Where there are more than two promoters, they shall enjoy joint creditor's rights and bear joint debts. The third party has the right to choose to request the legal person or promoter to bear the civil liability arising from the establishment of a legal person to engage in civil activities in its own name.
Article 76 A legal person 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.