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Quanzhou Company Deregistration

Updated:2018-3-8 14:22:08    Source:www.tannet-group.comViews:267

Quanzhou Company Deregistration (also known as Quanzhou company cancellation) refers to the shareholders decide to close the company since the operation problem. The problem of Quanzhou Company Deregistration can not be ignored by the shareholders. The company may be deregistered when the shareholders decide to terminate the company, due to the difficult business operation and management which can not be solved. However, the shareholders usually are not familiar with the related formalities when planning to terminate the company, so this may possibly result in the breach of relevant laws due to ignorance.

Main procedures of Quanzhou Company Deregistration
1. Engagement of certified public accountant to audit company's accounts;
2. Establishment of liquidating group;
3. Issuance of notice and announcement of application for creditors' rights by liquidating group;
4. Tax clearance;
5. Recognition by relevant governmental departments;
6. Distribution of properties.

Sequence of Distribution of Properties
1. Payment of liquidating costs;
2. Payment of employees' wages, social insurance cost;
3. Full payment of tax;
4. Liquidation of debt;
5. Distribution to shareholders.

After completing liquidation of company, the liquidating group needs to prepare liquidation report which, after confirmation by meeting of shareholders or China Court, will be declared with administration for industry and commerce and administration of taxation, in application for deregistration.

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