What will happen if you don't report your business license for annual review?

The business license is the proof of the legal operation of an enterprise, and the annual report for industry and commerce is an important way for an enterprise to report its annual operation to the administrative department for industry and commerce. If the enterprise fails to prepare the annual business report on time, it will face a series of serious consequences.

First, credit is damaged.

If an enterprise fails to submit its annual business report on time, it will be listed in the business exception list by the administrative department for industry and commerce and publicized to the public through the enterprise credit information publicity system. This will lead to the credit damage of enterprises and affect their reputation and image in the market.

Second, the administrative punishment

According to the Regulations of the People's Republic of China on the Administration of Company Registration, if an enterprise fails to submit its annual report within the prescribed time limit and publicize it, the administrative department for industry and commerce shall order it to submit it within a time limit and impose a fine. The amount of fine depends on the specific circumstances, but it is generally not low, which will increase the economic burden of enterprises.

Third, restrict business.

Enterprises listed in the list of business anomalies will be subject to many restrictions when handling business such as change, cancellation and annual inspection. In addition, some partners or customers may refuse to cooperate with enterprises because of their credit problems, thus affecting the normal operation and development of enterprises.

Fourth, legal responsibility.

If an enterprise fails to make an annual business report for a long time and the circumstances are serious, it may also face the risk of revoking its business license. Once the business license is revoked, the enterprise will lose the qualification of legal operation and face greater legal risks and economic losses.

To sum up:

Failure to report the annual business report of the business license as required will lead to serious consequences such as credit damage, administrative punishment, business restriction and possible legal liability. Therefore, enterprises should attach great importance to the work of industrial and commercial annual reports, ensure timely and accurate submission, and safeguard the legitimate rights and interests and good image of enterprises.

Legal basis:

Regulations of the People's Republic of China on the Administration of Company Registration

Article 67 provides that:

Failing to handle the relevant filing in accordance with the provisions of these regulations, the company registration authority shall order it to be handled within a time limit; Fails to handle, punishable by a fine of 30 thousand yuan.

Provisional Regulations on enterprise information publicity

Article 17 stipulates:

In any of the following circumstances, the administrative department for industry and commerce at or above the county level shall include it in the business exception list and publicize it to the public through the enterprise credit information publicity system to remind it to fulfill its publicity obligations; If the circumstances are serious, the relevant competent department shall give administrative punishment in accordance with the provisions of relevant laws and administrative regulations; If losses are caused to others, they shall be liable for compensation according to law; If the case constitutes a crime, criminal responsibility shall be investigated according to law:

(a) the enterprise fails to submit the annual report within the time limit prescribed by these regulations;

(2) The enterprise fails to submit relevant enterprise information within the time limit ordered by the administrative department for industry and commerce;

(3) The information disclosed by the enterprise conceals the real situation and practices fraud;

(four) through the domicile or business premises can not be contacted.