Liability and risk of self-operated legal person

Legal analysis: self-employed legal persons bear unlimited joint and several liability for self-employed behavior.

Legal basis: People's Republic of China (PRC) Company Law.

Article 58 A natural person can only invest in establishing a one-person limited liability company. A one-person limited liability company cannot invest in the establishment of a new one-person limited liability company.

Article 59 A one-person limited liability company shall indicate the sole proprietorship of a natural person or legal person in the company registration and indicate it in the company business license.