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Definition of Company Dissolution:
When a company declares bankruptcy, is acquired by another, the company's articles of association stipulate the end of its business term, the company splits and dissolves internally, or is legally ordered to close due to irregular business operations, the company can apply for dissolution, which is the revocation of its business license.
Legal Representative of the Dissolved Company:
1. Prior to the liquidation action, the company still retains legal person status, with no change in its capacity for obligations and actions.
2. After initiating liquidation actions, the company enters a stage where its obligations and capacity of action are diminished and subject to restrictions. However, during liquidation, the company still retains legal personhood and can participate in civil litigation.
3. Upon completion of the settlement, the legal entity's capacity is further reduced, leaving only a few obligations, such as repaying debts.
After liquidation, the company officially enters the dissolution process. Generally, the entire dissolution process takes 6-12 months. Upon completion of the dissolution, the legal entity of the company is completely terminated.
Preparations before company deregistration at the Industrial and Commercial Administration:
1. Obtain forms at the State Tax Bureau: Fill out, sign, stamp, pay, and make up any taxes as required by the State Tax Bureau. Afterward, they will collect your State Tax Registration Certificate and provide you with a State Tax Registration Cancellation Notice.
2. Present the Notice of Cancellation of Tax Registration from the State Tax Administration, then pick up the forms, pay any additional taxes, and they will reclaim the Tax Registration Certificate, issuing you a Notice of Cancellation of Tax Registration.
3. With two notification letters, close the bank account.
4. Take the notice to the Industrial and Commercial Administration Bureau to pick up the forms, then return them to the bureau, and then have the business license revoked.
(Reference only, please consult the current situation for details)
Requirements for company dissolution:
1. The company has been legally declared bankrupt.
2. The company's articles of association stipulate that upon the expiration of the term of business or the occurrence of other dissolution reasons.
3. Company dissolution due to merger, division, or dissolution.
4. The company has been legally ordered to close and may apply for dissolution.
Note: Revoking the business license is equivalent to company dissolution. If you have no intention of starting another company, there is no need to formally dissolve the company, as the business license will automatically be revoked if it is not renewed during the annual inspection. Additionally, if the company stops filing taxes, the tax authority will also cease the company's tax registration. However, this approach requires that you do not become a company legal representative for 3 years, after which you can resume normal operations.
Established in 2016, we have been dedicated to corporate services for years, specializing in Beijing business registration, company dissolution, approvals, and a comprehensive suite of corporate services. Trust in our exceptional service, and we look forward to becoming your partner.
