Hello, American company, if you don't want to continue to operate, I suggest you cancel. If American companies don't conduct annual review and cancel, it will have the following effects:

1. It is best to apply for company cancellation within 3 months of the company's business validity;

2. In the early stage of cancellation of American companies, it is necessary to cancel the company's bank account;

3. The financial aspects of the company need to be liquidated in the early stage of cancellation;

4. American companies need to conduct annual audits every year. If the company fails to conduct annual audits on schedule, it will incur fines.

5. The information of registered shareholders and directors of American companies will be recorded in the American government. If American companies are not operating normally, their shareholders and directors will be easily refused visas when applying for various visas in the United States;

6. It will be more difficult to set up a company in the United States again.

materials required for cancellation of American companies:

1. power of attorney for cancellation of American companies signed in person

2. Legal documents for cancellation of American companies, company registration certificate and other documents signed in person

3. Copies of identity certificates of shareholders and directors of American companies

The above answers are for your reference, and I hope they can help you. You are welcome to praise us and pay attention to us. Thank you.