4 questions before you choose the route.
This page identifies the right question and evidence. It does not determine the legal outcome on a reader’s facts.
Is registered capital fully paid?
Capital.
CapitalAsset mixing or abuse of personality?
Veil.
VeilPersonal guarantee outstanding?
Contract.
GuaranteeAvoidance of shareholder transfers?
Resolve the avoidance of shareholder transfers question separately before choosing the route.
AvoidWorking rule: China Company Law limited liability means shareholders are generally not liable for company debts beyond capital contributions.
The signal ledger.
These facts move the question beyond a label and into a product, money-flow and control analysis.
Bring a compact evidence docket—not a pitch deck.
Give a compliance team or counsel the operating facts that reveal the perimeter.
Questions people ask before they build.
Short answers for orientation. The right result can change with the service model and current rules.
Does bankruptcy automatically pierce the veil?
No. Abuse facts are required. Courts are fact-specific.
Where is avoidance?
Use the linked specialist resource when Shareholder Liability in Insolvency turns on detailed evidence, procedure or risk assessment.
Primary authorities
Reviewed sources support orientation, not a fact-specific assessment.