Take legal responsibility. According to the company law, the legal representative of the company has the right to represent and manage the company. If a company wants to mortgage a loan with the private property of its legal representative, when signing a loan contract, it means that shareholders need to sign it, which means that they agree and are willing to bear the corresponding legal risks. A legal person is an organization that has the capacity for civil rights and civil conduct, enjoys civil rights and undertakes civil obligations independently according to law.