After searching the Company Registration and Management Regulations of the People's Republic of China and the State, we found out what the legal consequences would be if we did not cancel the business license. This may also be a legal gap in our country in this regard.

If you do not cancel or conduct annual inspections, the Industry and Commerce Bureau will revoke your business license.

The statement of being included in the blacklist (abnormal households) can be found in the tax registration management measures. Enterprises, corporate legal representatives, and shareholders that are included in the abnormal households are not allowed to re-register companies and enterprises.

There will be no legal consequences if the organization code certificate is not cancelled.