If an enterprise has suffered losses for more than 5 years, it may apply to the people's court for dissolution of the company. Shareholders have the right to bring a lawsuit to dissolve the company according to law. In some cases, there are serious difficulties in the operation and management of the company, and its continued existence will cause great losses to the interests of shareholders, which cannot be solved by other means.
Legal objectivity:
Article 180 of the Company Law The company is dissolved due to the following reasons: (1) The business term stipulated in the articles of association expires or other reasons for dissolution stipulated in the articles of association appear; (2) The shareholders' meeting or shareholders' meeting decides to dissolve; (3) The company needs to be dissolved due to merger or division; (4) The business license is revoked, ordered to close or revoked according to law; (5) The people's court shall be dissolved in accordance with the provisions of Article 182 of this Law. Article 181 A company may survive by amending its articles of association under the circumstances specified in Item (1) of Article 180 of this Law. To amend the Articles of Association in accordance with the provisions of the preceding paragraph, a limited liability company must be approved by shareholders holding more than two thirds of the voting rights, and a joint stock limited company must be approved by shareholders attending the shareholders' meeting. Article 182 Serious difficulties have occurred in the operation and management of the company, which will cause great losses to the interests of shareholders. If it cannot be solved by other means, shareholders who hold more than 10% of the voting rights of all shareholders of the company may request the people's court to dissolve the company.