1. On the occasion of representing the enterprise, its personal signature will lead to the consequences of the enterprise's responsibility;

2. If the enterprise goes bankrupt and assumes personal responsibility, the legal representative will be subject to many restrictions in running the enterprise in the future;

3. If the enterprise violates the relevant laws and regulations, it may restrict the person of the legal representative, such as refusing to execute the court judgment or detaining the legal representative; If a legal person commits a crime, the legal representative will be subject to criminal sanctions.

If a legal person has no defects in its establishment, its liability for losses shall be borne by the legal person itself, neither a shareholder nor a legal representative. Of course, if it is a state-owned enterprise, unless the legal representative has dereliction of duty, the severity reaches the level of criminal law investigation or administrative sanctions should be given; As long as a sole proprietorship legal person can distinguish between legal person property and personal property, it does not need the legal representative to bear civil liability. When a legal person is in the form of a limited company, the company shall bear all its property, and the individual shareholders shall not be responsible, except for the defects in capital contribution when it is established.

Legal basis: Article 187 of the Company Law of People's Republic of China (PRC).

After clearing up the company's assets, compiling the balance sheet and list of assets, the liquidation group finds that the company's assets are insufficient to pay off debts, and shall apply to the people's court for bankruptcy according to law.

After the company is declared bankrupt by the people's court, the liquidation group shall hand over the liquidation affairs to the people's court.

Article 188

After the liquidation of the company, the liquidation group shall prepare a liquidation report, submit it to the shareholders' meeting, the shareholders' meeting or the people's court for confirmation, and submit it to the company registration authority to apply for cancellation of company registration and announce the termination of the company.