Does the business license need to be canceled if it is no longer in use?

The main consequences of not canceling the business license are as follows:

1. Entering the industrial and commercial blacklist

If the business license is not reviewed for one year, the Industrial and Commercial Bureau will The license will be automatically revoked and legal persons and shareholders will be blacklisted as abnormal. Cannot serve as a corporate legal person within three years.

2. Tax audit and tax payment situation

If the company has a turnover but does not have a tax payment certificate with the tax department and has unpaid tax payable, late payment fees will be incurred. The current standard It’s five ten thousandths per day. If an individual pays a fixed monthly tax, this problem does not exist.

3. Relevant fees incurred

The company's special account opened by the bank must be reviewed every year and management fees must be paid. If it is not canceled, the bank may include the legal person in the credit blacklist. , It will have an impact on the credit rating of the legal person, and it will have a certain impact on the post-payment of goods to buy a car, buy a house or apply for overseas immigration.

If it is an individual business license, no special account is opened in the bank, no general taxpayer or small taxpayer is applied for in the tax, and only fixed-amount invoices are purchased in the tax every month, the above situation, and the company accounts There are no claims or debt issues involved, and the company will not be cancelled. The worst result is that it will not be able to serve as a legal person within three years, and there is basically no legal risk involved.

Extended information

Starting from March 1, 2019, a new version of business license will be launched nationwide. Various market entities that have been approved by the registration authority to establish, change registration, and reissue business licenses will be issued a new version of the business license. Various market entities that previously existed can continue to use the original business license or apply for a new version of the business license.

The new version of the business license will be printed with the national emblem, border, title (business license), the website of the National Enterprise Credit Information Disclosure System, the official seal of the registration authority, the year, month and day, supervision by the State Administration for Market Regulation, etc., and the printing will be unified Social credit codes and numbers, names and contents of recorded matters, QR codes, etc., with copies printed face-to-face with annual report reminders.

Baidu Encyclopedia - Business License

Baidu Encyclopedia - Company Cancellation

State Administration for Market Regulation - Notice of the State Administration for Market Regulation on the launch of the new version of business license