Company Dissolution

How to Dissolve a Company

There are two types of company dissolution: simplified dissolution and general dissolution. Simplified dissolution applies when the company has obtained a business license but has not handled tax-related matters, such as without invoices and tax control disks, etc. In such cases, simplified dissolution can be pursued. General dissolution refers to the situation where the company is operating normally, with tax-related documents like invoices and tax control disks. In this case, only general dissolution can be done.

General De-registration Method:

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

Step 2, after obtaining the tax clearance certificate, publicly display it on the "National Information System for Credit Information" website to prove you have no disputes or debt-related information with external parties. During this period, if no objections are raised by others, you can proceed to the next step of industrial and commercial deregistration.

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

Step 4: Cancellation of the Bank's Basic Account and Related Information. The legal representative should bring the corporate seal, tax clearance certificate, and private company deregistration approval notice to the bank to apply for the cancellation of the basic account.