According to China's "Regulations on the Administration of Enterprise Registration" and "Measures for the Administration of Company Registration", the company still needs to keep the relevant documents and materials of the company for at least five years after cancellation, in case of future needs. This means that some relevant information of the company can still be investigated and consulted by the competent authorities within the time limit prescribed by law, and the cancellation of the company does not mean that the legal risks that the company may face will be permanently lifted, and the obligee still has the right to file a lawsuit to restrain your behavior.
Before submitting the application for cancellation of the company, the company's property must be traded and cleared, including clearing the company's debts and paying taxes.