Does the cancellation of the company require an annual operating report?

Branch companies have to make annual business reports. According to the law, if an enterprise fails to make an annual industrial and commercial report on time, it will be listed in the business exception list by the industrial and commercial department; Those who have not moved out for three years are included in the list of serious illegal and untrustworthy enterprises. Article 14 of the Company Law stipulates that a company may set up branches. The establishment of a branch company shall apply to the company registration authority for registration and obtain a business license. A branch company does not have legal person status, and its civil liability shall be borne by the company. A company may set up subsidiaries, which have legal personality and independently bear civil liabilities according to law.