When it comes to annual reports, many people think that only companies conduct annual industrial and commercial reports every year, but do you know that self-employed individuals also need annual reports? What are the consequences of self-employed individuals who fail to file annual industrial and commercial reports overdue? Let’s take a look below ! 1. What is a self-employed person? An individual industrial and commercial household is a natural person who is engaged in industrial and commercial operations within the scope permitted by the law and has been approved and registered in accordance with the law. According to Article 26 of the General Principles of the People's Republic of China and Civil Law, citizens who engage in industrial and commercial operations within the scope permitted by law and who have been approved and registered in accordance with the law are individual industrial and commercial households. Establishment conditions: 1. An individual industrial and commercial household is a natural person or family engaged in industrial and commercial operations. Any natural person who engages in industrial and commercial operations either as an individual or as a family is an individual industrial and commercial household. According to relevant laws and policies, those who can apply for individual industrial and commercial households are mainly unemployed young people in urban areas, idle people and rural villagers. Cadres of state agencies and employees of enterprises and institutions cannot apply to engage in individual industrial and commercial operations. 2. Natural persons engaged in individual industrial and commercial operations must be approved and registered in accordance with the law. The registration authority for individual industrial and commercial households is the industrial and commercial administration authority at or above the county level. Individual industrial and commercial households can start operating only after they have been approved and registered and obtained a business license. Individual industrial and commercial households must also go through registration procedures when they change businesses, merge, change registration items or go out of business. 3. Individual industrial and commercial households can only operate in industries that are permitted by laws and policies. Legal status Within the scope of registration approved in accordance with the law, individual industrial and commercial households enjoy the civil rights and civil capacity to engage in individual industrial and commercial operations. The legitimate business activities of individual industrial and commercial households are protected by law, and individual industrial and commercial households enjoy ownership of the assets and legitimate profits they operate. Individual industrial and commercial households can open bank accounts, apply for loans from banks, have the right to apply for exclusive rights to trademarks, sign labor contracts and hire helpers and apprentices, and also have the right to name their own names and engrave seals. 2. Do individual industrial and commercial households need to file annual industrial and commercial reports? According to the current "Interim Measures for Annual Reports of Individual Industrial and Commercial Households" issued by the State Administration for Industry and Commerce, individual industrial and commercial households also need to file annual reports between January 1 and June 30 of each year. Submit the previous year's report through the National Credit Publicity System. However, unlike corporate annual reports, individual industrial and commercial households can choose whether to publish them. If you choose not to make public, you should provide a paper annual report to the local industrial and commercial office. If you choose to make public, you should submit the annual report online. Publicizing the annual report will help improve the business reputation and business image of the business premises. However, whether you are an individual business owner or an enterprise, you must submit materials in time before the deadline every year. The annual report of individual industrial and commercial households includes the following contents: (1) Obtaining and changing administrative licenses (2) Production and operation conditions (3) Company name and website information (4) Opening of websites or online stores for online operations (5) Contact information Information (6) Other information stipulated by the State Administration for Market Regulation 3. What are the consequences if a self-employed person fails to submit an annual industrial and commercial report on time? 1. If a self-employed person fails to submit an annual industrial and commercial report on time, his or her business license may be revoked and he may no longer be able to continue operating. 2 , Enterprises and self-employed individuals who do not submit their industrial and commercial annual reports on time will be included in the directory of abnormal operations and announced to the public, which will affect their credibility. 3. After being included in the directory of abnormal operations, the person in charge of the self-employed may want to take out a loan, buy a house, go abroad, etc. There are restrictions on the procedures. 4. If the publicity obligation has not been fulfilled for three years after being included in the abnormal list, the person in charge of the self-employed business will not be allowed to register other companies or serve as legal representatives, etc. . In short, individual industrial and commercial households also need to submit an annual industrial and commercial report every year. If they do not comply with the annual industrial and commercial report, their business license may be revoked, and they may also be included in the list of abnormal business operations and be disclosed to the public. Therefore, whether it is an enterprise or an individual Industrial and commercial households are now required to file annual reports. If they do not file annual reports for a long time, it will also affect the individual. Therefore, individual industrial and commercial households also need to pay attention when operating, so as not to fail to report annually and affect their own operations. It ultimately affects individuals.