The limited liability company is a strange creature. It is recognised by law as a legal person on par with natural persons, effectively disproving the widespread belief that jurists lack imagination. But not only does it enjoy legal capacity to enter into contracts, appear in courts, face liability or, in many jurisdictions, even criminal sanctions for wrong doing, it is also an economic entity unto itself. As such, the concept of ‘limited liability’ is a misnomer, because the company has full liability for its obligations; it is the shareholders who enjoy the limited liability in so far that they cannot lose more than they have voluntarily put into the company when they contributed to its capital. So the shareholders may harvest the profits made by the company year in and year out, but if at some point the company should run up a loss, they may step back and let the creditors of the company carry that loss.

中文翻译：

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编者注：没有合法资本的公司和丹麦的奇怪案例

有限责任公司是一个奇怪的生物。它被法律公认为与自然人同等的法人，有效地驳斥了法学家缺乏想象力的普遍观念。但它不仅具有订立合同，出庭，承担法律责任的法律能力，甚至在许多司法管辖区甚至因不当行为受到刑事制裁，它本身也是一个经济实体。因此，“有限责任”的概念是用词不当，因为公司对其义务承担全部责任。到目前为止，只有有限责任公司的股东能够承受的损失不会超过他们向公司注资时自愿投入公司的损失。因此，股东可以年复一年地收获公司的利润，但是如果公司在某个时候出现亏损，