How to Dissolve a Company

The company liquidation process is divided into two types: simplified liquidation and general liquidation. Simplified liquidation is applicable when a business has obtained a business license but has not handled tax-related matters, such as without invoices or tax control disks, etc. In such cases, simplified liquidation can be pursued. General liquidation refers to a situation where a company is operating normally and has tax-related documents, such as invoices and tax control disks, etc. In these cases, general liquidation is the only option.

Standard Cancellation Procedure:

Step 1: Have the accountant prepare a liquidation report and financial statements. Then, take these documents to the tax office to obtain a tax clearance certificate.

Step 2: Upon obtaining the tax clearance certificate,公示 it on the "National Credit Information System website" to demonstrate that you have no disputes or debt-related information with external parties. During this period, if no objections are raised by others, you may proceed to the next step of the business deregistration process.

Step 3: Bring the original and duplicate copies of the old business license to the Administration for Market Regulation for the cancellation of the license. After the administrative cancellation, a Private Company Cancellation Registration Approval Notice will be issued, certifying that the business license cancellation has been completed.

Step 4: The cancellation of the bank's basic account and related information. The legal representative should bring the company seal, tax clearance certificate, and private company cancellation registration approval notice to the bank to apply for the cancellation of the basic account.