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Should I cancel my business license if I close down?
If it is closed down, its business license shall be revoked. If the business is suspended, the business qualification certificate must be cancelled. After that, the industrial and commercial bureau can revoke your business license according to law. If you don't cancel, it will be troublesome to apply for other business licenses in the future. If it is necessary to pay back taxes, it is necessary to pay back taxes, otherwise it is tax evasion and must be paid to the IRS. If the company stops operating, it needs to cancel its business license at the relevant department. If the business license is not cancelled, it will be listed in the business exception list, and tax will be paid, which will affect the reputation of the legal representative. If the business license has not been cancelled and the annual report has been forgotten for more than 3 years, the business license will be revoked, and if it enters the blacklist of industry and commerce, it is impossible to apply for a business license nationwide. Business license is a certificate issued by the administrative department for industry and commerce to industrial and commercial enterprises and individual operators to engage in certain production and business activities. Its format shall be uniformly stipulated by the State Administration for Industry and Commerce. The business license shall not be forged, altered, leased, lent or transferred. Without a business license, industrial and commercial enterprises or individual operators are not allowed to start business, carve official seals, sign contracts, register trademarks or advertise, and banks are not allowed to open accounts.

Measures for the Administration of Registration of Individual Industrial and Commercial Households Article 16 The following documents shall be submitted when applying for cancellation of registration of individual industrial and commercial households:

(a) the application for cancellation of registration of individual industrial and commercial households signed by the applicant;

(two) the original and all copies of the business license of individual industrial and commercial households;

(3) Other documents required by the State Administration of Market Supervision.

Business license cancellation process

The business license cancellation process is as follows:

1. To transfer all the funds in the company's bank account and cancel the bank account, you must bring all the account opening materials, including the original and photocopy of the business license, the original and photocopy of the tax registration certificate, the bank account opening permit, the credit code certificate of the institution, the original and photocopy of the legal person ID card and the agent ID card, the official seal, the special financial seal and the seal;

2. If there are blank invoices that have not been issued, the blank invoices that have not been issued will be invalidated in the invoicing system;

3. Bring the original and photocopy of the business license, the original and photocopy of the tax notice issued by the tax bureau and the official seal to the industrial and commercial bureau to cancel the business license;

4. Even if the self-employed business license is cancelled successfully.