Legal analysis: shareholders who borrow money privately by a company as a legal person are not liable, but are only liable within the limits of their own shares. As long as they pay enough capital contribution, then shareholders have nothing to do with the debts owed by the company itself.

Legal basis: Article 3 of the Company Law of the People's Republic of China is an enterprise legal person with independent legal person property and legal person property rights. The company is liable for its debts with all its property. Shareholders of a limited liability company shall be liable to the company to the extent of their subscribed capital contribution; Shareholders of a joint stock limited company shall be liable to the company to the extent of the shares subscribed by them.