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What is the impact of blacklisting business licenses?
Legal analysis: individuals blacklisted by the industrial and commercial bureau will definitely affect their personal credit and have many adverse consequences for themselves. The first is to affect personal business activities. Personal credit is a reference for banks and other financial institutions to carry out commercial activities such as loans, guarantees and insurance. Second, you can't be the legal representative, director, supervisor, manager or financial controller of an enterprise. Third, the counterparty in the market will cancel the transaction with the blacklist subject when choosing the transaction object. There are two main reasons for being blacklisted by the industrial and commercial bureau: one is that the company has its business license revoked, such as serious illegal operation or not operating for more than six months. Second, because there has been no annual report for three consecutive years, it has been listed as a "serious illegal and untrustworthy enterprise".

Legal basis: Article 146 of the Company Law of People's Republic of China (PRC) shall not serve as a director, supervisor or senior manager of the company under any of the following circumstances: (1) No capacity for civil conduct or limited capacity for civil conduct; (2) Being sentenced to punishment for corruption, bribery, embezzlement of property, misappropriation of property or disrupting the order of the socialist market economy, and the execution period is less than five years, or being deprived of political rights for committing a crime, and the execution period is less than five years; (3) If the directors, factory directors and managers of a bankrupt company or enterprise are personally responsible for the bankruptcy of the company or enterprise, it has not been more than three years since the date of completion of the bankruptcy liquidation of the company or enterprise; (4) Being the legal representative of a company or enterprise whose business license has been revoked due to violation of law and ordered to close down, and having personal responsibility, it has not been more than three years since the date when the business license of the company or enterprise was revoked; (five) a large amount of debt owed by an individual has not been paid off due. If the company elects, appoints directors, supervisors or employs senior management personnel in violation of the provisions of the preceding paragraph, the election, appointment or appointment shall be invalid. The company shall remove the directors, supervisors and senior managers from their posts under any of the circumstances listed in the first paragraph of this article during their term of office.