The company has closed down. Can it close down?

Legal analysis: the company can suspend its operations. The so-called closure, from the company's point of view, generally refers to the temporary suspension of its business activities. From the supervisor's point of view, whether a company goes bankrupt will be judged from the following aspects: whether the annual report is submitted on time, whether the registered residence or business premises can be contacted, whether the tax returns are filed, whether the social insurance is paid as required, and whether the company's bank basic account has a record of capital flow.

However, the closure of the company does not mean the cancellation of the company. Therefore, the closure of the company does not affect the existence of its legal personality. Therefore, shareholders and the company should still fulfill their corresponding obligations according to the regulations: for shareholders, they should pay their capital contributions in full and on time according to the articles of association and bear limited liability for the company's debts. They should still be responsible for the debts, taxes, wages and benefits of employees, and fulfill their obligations to the state administrative organs according to law. For example, companies that have closed down should still publish their annual reports in accordance with the Provisional Regulations on Enterprise Information Publicity. Otherwise, once it is included in the list of serious illegal enterprises, the legal representative and responsible person of the enterprise shall not serve as the legal representatives and responsible persons of other enterprises within 3 years.

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.

Where a company's registered items change and it fails to register the change in accordance with the provisions of this Law, the company registration authority shall order it to do so within a time limit and impose a fine of not less than 10,000 yuan but not more than 100,000 yuan.