What will happen if small companies don't cancel?

If the industry and commerce do not cancel, they will be automatically revoked if they do not go to the annual inspection one year later.

The legal representative is blacklisted and may not be the legal representative for three years.

If the tax is not abolished, the tax arrears will always exist, and there will be late fees.

Reaching a certain level will affect loans, going abroad, etc.

Extended data:

Before going through the cancellation formalities with the registration authority, the company must carry out liquidation according to law, including terminating production, operation and sales activities, handling company affairs, settling civil litigation, clearing creditor's rights and debts and distributing the remaining property.

No matter what kind of liquidation, the company should follow the following steps: 1, set up a liquidation group, and 2, carry out liquidation work.

The liquidation group shall take over the company from the date of establishment and carry out the following business: take over the company's property, close the company's unfinished business, collect creditor's rights, clear debts, distribute the remaining property, cancel the company's legal person status and revoke its business license.

3. Notify creditors to declare their claims.

4. Put forward liquidation plan.

After clearing up the company's property, preparing the balance sheet and property list, the liquidation group shall formulate and submit the liquidation plan, which shall be submitted to the shareholders' meeting for discussion and approval or confirmed by the competent authority.

Liquidation plan's main contents include: liquidation expenses, wages and labor insurance premiums payable, taxes payable, paying off the company's debts, distributing surplus property and ending liquidation.

After the liquidation is completed, it can be cancelled.

References:

Baidu Encyclopedia-Company Cancellation