The impact of revoking a company’s business license on legal persons

Legal analysis: The impact of revocation of business license on legal persons is as follows: 1. The industrial and commercial blacklist is limited to three years, and the legal representative cannot establish a new company within three years, and cannot serve as the legal representative or person in charge of other enterprises; 2. There will be lifelong tax restrictions; 3. Corporate legal persons cannot participate in social security, loans and immigration.

Legal basis: Article 57 of the "Company Law of the People's Republic of China" Serves as the legal representative of a company or enterprise whose business license has been revoked due to violation of laws, and is responsible for the illegal acts of the enterprise In terms of personal liability, no one shall serve as a director, supervisor or manager of a company within three years from the date on which the business license of the company or enterprise was revoked.