Can I cancel my business license if I fail to pass the annual inspection?

Generally, if you don't have an annual inspection for one year, your license will be revoked. This is an administrative punishment, and the legal representative will be blacklisted nationwide, which will affect your future business in other places.

If it is an individual business license, it will be cancelled after checking the business license at the industrial and commercial office. The experience business license is valid from 1 to 1 to May 30th. If an individual does not have an annual inspection in that year, his business license shall also be revoked. It's best to cancel yourself. Cancellation may be blacklisted and have a bad credit record. The personal blacklist is not online yet.

The business license is the proof of the legal management right of the enterprise or organization. The registered items of the business license include: name, address, person in charge, amount of funds, economic composition, business scope, business mode, number of employees, business period, etc. Business licenses are divided into originals and duplicates, which have the same legal effect. The original shall be placed in a prominent position in the company's domicile or business premises, and the business license shall not be forged, altered, leased, lent or transferred.