1. When a sole proprietorship enterprise is cancelled, it is generally necessary for the investor to liquidate itself or the court appoints personnel to liquidate;
2. Then notify the creditors in writing and make an announcement;
3. Let the creditors declare their claims again, and the liquidation group will pay off the debts according to law;
4. Prepare the liquidation report;
5. Within fifteen days, the registration will be cancelled.
A sole proprietorship enterprise shall be dissolved under any of the following circumstances:
1. The investor decides to dissolve;
2. The investor is dead or declared dead, and there is no heir or the heir decides to give up the inheritance;
3. The business license is revoked according to law;
4. Other circumstances stipulated by laws and administrative regulations.
To sum up, a sole proprietorship enterprise refers to an enterprise legal person established in China according to this Law, which is invested by a natural person, and its property is owned by the investor, who shall bear unlimited liability for the debts of the enterprise with his personal property.
Legal basis:
Article 27 of the Law of People's Republic of China (PRC) Municipality on Sole proprietorship enterprises.
When a sole proprietorship enterprise is dissolved, it shall be liquidated by the investors themselves or the creditors shall apply to the people's court to appoint a liquidator for liquidation.
Investors who liquidate themselves shall notify creditors in writing within 15 days before liquidation. If it is impossible to notify, it shall be announced. Creditors shall declare their creditor's rights to investors within 30 days from the date of receiving the notice, or within 60 days from the date of announcement if they have not received the notice.
Article 28 After the dissolution of a sole proprietorship enterprise, the original investor is still liable for paying off the debts of the sole proprietorship enterprise during its existence, but if the creditor fails to make a payment request to the debtor within five years, the liability shall be extinguished.