Revocation of business license is an administrative penalty.

Revocation of a business license is a form of administrative punishment, specifically what is called behavioral punishment in law. According to Article 8 of the Administrative Penalty Law, the types of administrative penalties include warnings, fines, confiscation of illegal gains or property, orders to suspend production and business, suspension or revocation of permits and licenses, administrative detention, and other laws or administrative regulations. punishment. The consequence of revoking a business license is to deprive the punished person of the licensing rights or qualifications he has obtained and make him ineligible to continue to engage in licensed activities. This is usually because the license holder has violated relevant laws, regulations or regulations, or has other ineligibility conditions. situation.

The role of business license:

1. Prove the legality of the enterprise: The business license is the legal proof of the legal operation of the enterprise. Enterprises without a business license cannot carry out legal business activities;

2. Handle related business: Enterprises need to provide business licenses when opening bank accounts, tax registration, applying for patents or trademarks, etc.;

3. Enhance customer trust: those who hold a business license It is easier for companies to gain the trust of customers and partners;

4. Participation in bidding: When companies participate in bidding activities of the government or large enterprises, they usually need to provide a business license;

5 . Obtaining loan support: When companies apply for bank loans or financing, they need to provide a business license as an important review material.

To sum up, the revocation of a business license is a form of administrative penalty. According to the provisions of the Administrative Penalty Law, the types of administrative penalties include revocation of permits and licenses. The consequence of revoking a business license is to deprive the punished person of the licensing rights or qualifications he has obtained, making him ineligible to continue to engage in licensed activities.

Legal basis:

"Administrative Punishment Law of the People's Republic of China"

Article 9

Types of Administrative Punishment :

Warning, notification of criticism;

Fine, confiscation of illegal income, confiscation of illegal property;

Temporary suspension of license, reduction of qualification level, revocation of license;

Restrictions on production and business activities, orders to suspend production and operations, orders to close, and restrictions on employment;

Administrative detention;

Other administrative penalties stipulated in laws and administrative regulations.