The Difference Between Cancellation and Revocation of Shanghai Company, welcome to consult: 13301834248
If the Shanghai company does not want to operate, it must be canceled. Cancellation is the legal process. Only a cancellation can make the company reasonably disappear and the head of the business no longer be held responsible. Also some enterprises neither let the companies operate, nor let them cancel, so for a long time they will be revoked. Then what is the difference between the revocation and cancellation?
The difference between cancellation and revocation of Shanghai company
1. Cancellation means the enterprise which meeting the statutory conditions has applied to the original registration authority and passed the prescribed liquidation procedure. The company has completely disappeared, its legal incorporation has been legally terminated, all employees have been dismissed, all bank funds have been withdrawn, and all creditors' rights and liabilities have been terminated. Cancellation is a legal act and the only result of the cessation of business of the company.
2.Revocation refers to the action of the administrative department for industry and commerce to forcibly stop the business activities of the enterprise due to the violation of relevant laws and regulations. Before cancellation after revocation, the company still exists, and also bears the corresponding claims and debts, but is not allowed to carry out business operations.
Attentions during Shanghai company cancellation
Documents for Shanghai company cancellation must be complete, Shanghai company cancellation needs to sort out all the books, vouchers, financial statements, upload tax statements, if the enterprise is not sorted out or not done the accounting for past years, then also need to fill complete. Secondly, the tax bureau will check all the tax problems of the company to see if there are any tax irregularities or tax evasion.
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