It is not necessary to have more than two shareholders to set up a company, and one shareholder can also set up a company. According to the relevant laws and regulations, the shareholders of a one-person limited liability company need to be jointly and severally liable for the company's debts when they cannot prove that their property is independent from the company's property. Legal objectivity:

Article 62 of the Company Law A one-person limited liability company shall prepare financial and accounting reports at the end of each fiscal year and audit them by an accounting firm. Article 63 If the shareholders of a one-person limited liability company cannot prove that the company's property is independent of the shareholders' own property, they shall be jointly and severally liable for the company's debts. Article 61 A one-person limited liability company shall not set up a shareholders' meeting. When a shareholder makes the decision listed in the first paragraph of Article 37 of this Law, it shall be made in writing, signed by the shareholder and kept in the company.