Legal analysis: Maybe. The possible consequences of the company's business license not being cancelled are: 1. The business license that has not been cancelled may be revoked, the enterprise's legal person qualification will be forcibly deprived, its civil subject qualification will die, and it is not allowed to continue to engage in market business activities. Otherwise, it is illegal. 2. If the company's business license has not been audited for one year, the Industrial and Commercial Bureau will automatically revoke its business license and list the company's legal person and shareholders in the blacklist of dishonesty. You can't be an enterprise legal person for three years. The operator of the revoked enterprise or individual may not be able to register the company again in his own name within three years, and his personal bad credit record will be maintained for seven years, and he may also face a fine; 3. After the company legal person enters the blacklist of integrity because the business license has not been cancelled, the legal person and shareholders will not be able to go abroad and take high-speed trains or planes; Legal persons and shareholders will not be able to apply for immigration; Shareholders will not be able to borrow money and so on.

Legal basis: Civil Code of People's Republic of China (PRC).

Article 57 A legal person is an organization that has the capacity for civil rights and civil conduct, enjoys civil rights and undertakes civil obligations independently according to law.

Article 58 A legal person shall be established according to law.

A legal person shall have its own name, organization, domicile, property or funds. The specific conditions and procedures for the establishment of a legal person shall be in accordance with the provisions of laws and administrative regulations.

The establishment of a legal person shall be approved by the relevant authorities in accordance with the provisions of laws and administrative regulations.

Article 59 The legal person's capacity for civil rights and civil conduct arises when the legal person is established and disappears when the legal person is terminated.