What's the impact of not canceling your company?

Legal analysis: the impact of the company's non-cancellation is as follows: 1. If the company does not cancel or handle the annual inspection, its business license will eventually be revoked. After revocation, the enterprise legal person will be blacklisted and can no longer serve as a legal person; 2. Economic Punishment If a company fails to start business for more than six months without justifiable reasons after its establishment, or fails to start business for six consecutive months after its opening, the company registration authority may revoke its business license. If it is not cancelled normally according to law in the third year, it shall be deemed as automatic cancellation; 3. Enterprises that fail to cancel the company blacklist within the specified time will be blacklisted by the industrial and commercial departments. Enterprises will undergo strict screening and examination to deal with industrial and commercial and tax affairs; 4. The legal representative of the enterprise whose blacklist of legal persons has been revoked, the shareholders' meeting has been blacklisted by the Industrial and Commercial Bureau for three years, and the company cannot be re-registered in his own name. Taxes will be permanently blacklisted. If the company is re-registered, the tax authorities shall recover the tax and impose a fine.

Legal basis: Article 211th of the Company Law of People's Republic of China (PRC). The company registration authority may revoke its business license if it fails to start business for more than six months without justifiable reasons, or if it stops business for more than six months. When the registered items of the company change, if the relevant change registration is not handled in accordance with the provisions of this law, the company registration authority shall order it to register within a time limit; Those who fail to register within the time limit shall be fined not less than 10,000 yuan but not more than 100,000 yuan.