What will happen if the business license is not cancelled?

The impact of not canceling the business license is as follows:

1. The time when shareholders are blacklisted will be automatically cancelled, and the legal representative of the revoked enterprise will be blacklisted by the Industrial and Commercial Bureau and fined.

2. The restrictions brought by the revocation of the business license of a legal person will bring certain restrictions to the enterprise, its legal representative and the person directly responsible.

3. Joint and several liability of investors If an investor of an enterprise whose business license has been revoked or a shareholder of a limited company fails to perform the liquidation obligation according to law, it shall be jointly and severally liable for the debts of the enterprise.

Consequences of non-cancellation of business license-If an enterprise that may bear criminal responsibility and has its business license revoked fails to return its business license, official seal and special seal for contract to the original registration authority, it is a violation of registration management regulations, and the public security organ may assist in collecting it. Those who engage in business activities with a business license that should be confiscated shall be treated as unlicensed. If a crime is constituted, criminal responsibility shall be investigated according to law.

4. The bad information of the enterprise whose business license has been revoked and its responsible legal representative included in the warning information database will be recorded in the warning information database of the industrial and commercial department for investors, trading partners and consumers to conduct market research and will not be eliminated for a long time.