How to deal with the cancellation of assets by the company?

Legal analysis: Before cancellation, the company needs to liquidate and dispose of its assets and liabilities. 1. Sale or scrapping of fixed assets. 2. Transfer or invalidation of intellectual property rights. 3. Debt settlement. The liquidation process involves the tax treatment of enterprise income tax and value-added tax. 4. Calculate the final tax payment fee. 5. Liquidate the final balance. 6. Distribute to all shareholders according to the proportion of equity. Normally, it is distributed according to the proportion of the company's equity, and all the final funds of the company are returned to individual shareholders.

Legal basis: Article 186 of the Company Law of People's Republic of China (PRC). After clearing up the company's property, preparing the balance sheet and property list, the liquidation group shall formulate the liquidation plan and report it to the shareholders' meeting, shareholders' meeting or the people's court for confirmation. After paying the liquidation expenses, employees' wages, social insurance expenses and statutory compensation, paying the taxes owed and paying off the company's debts, the company's property shall be distributed according to the proportion of capital contribution of shareholders of a limited liability company and the proportion of shares of shareholders of a joint stock limited company. During the liquidation period, the company shall survive, but shall not carry out business activities unrelated to liquidation. The company's property shall not be distributed to shareholders before it is paid off in accordance with the provisions of the preceding paragraph.