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Even if a company ceases operations, if it is not officially deregistered, it will still be subject to annual reporting obligations and may face minimum tax requirements in many countries and regions. By officially deregistering, you can avoid continuing to bear these unnecessary tax burdens.
A company that has not been deregistered is still considered a legal entity and may be required to comply with various laws, regulations, and industry norms. Failure to fulfill these obligations may result in fines or other legal liabilities. Formal deregistration can effectively avoid such risks.
A company that has ceased operations but has not been deregistered still needs to pay certain maintenance fees, such as registered address fees, agency service fees, etc., and also needs to spend time and resources to handle matters such as annual audits. Deregistration can significantly reduce these expenses.
Selling inactive companies helps free up resources they occupy, including but not limited to bank accounts, trademarks, patents, etc. In addition, the company name will also be released back to the market for use by other companies or for future re-registration by yourself.
If a company is not deregistered for a long time in a non-operating state, it may leave a bad impression on the market and affect the business reputation of related companies. Timely deregistration can not only maintain a good business image but also be beneficial to future business activities and development plans.
First, confirm the decision to cancel the company and hold a board of directors or shareholders meeting to pass the relevant resolution. Prepare the necessary documents, such as the cancellation application, company resolution documents, etc., to ensure that all information is accurate.
Carry out the financial liquidation of the company, including sorting out the accounts, settling debts, and notifying creditors. Ensure all outstanding payments are properly settled and prepare final financial reports.
Submit the cancellation application and related documents to the relevant government department in the place of registration. This usually needs to be completed through a designated online platform, and paper documents may also be required. At the same time, pay any cancellation fees that may be incurred.
After the review is completed, obtain the official cancellation certificate to confirm that the company has been officially cancelled. According to local laws and regulations, it may also be necessary to publish an announcement in specific media to announce the company's cancellation.
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NEO Customer Feedback
Small *** Table
The experience was very good. I was still struggling to compare it with other companies. I went to the site a few days ago and wanted to implement it as soon as possible. I didn't expect that everything exceeded my expectations. The company is very large, with several hundred square meters. The employees are also dedicated and responsible. There is also a wall of certificates. I placed an order on the spot. It turned out that I did not make a wrong choice. The company's service attitude is very good and professional. The person who contacted me explained various things in detail in advance. After placing the order, the follow-up was also very timely, and they took the initiative to report the progress to me. In short, I am very satisfied and recommend this company!
Lin *** e
When I first consulted customer service, they recommended an agent to me. They were very professional and patient and provided excellent service. They answered my questions as they came in. This 2-to-1 service model is very thoughtful. I had a lot of questions that I didn’t understand, and it’s not easy to register a company in Hong Kong. Fortunately, I have you.
t *** 7
I originally thought that they only did mainland business, but I didn’t expect that they had been doing Hong Kong business and were doing very well. After the on-site interview, I decided to ask them to arrange the registration of my Hong Kong company. They helped me complete it very quickly and provided all the necessary information. The efficiency was awesome. It turns out that professional things should be done by professionals.👍
b *** 5
In order to register a company in Hong Kong, I compared many platforms and stores and finally chose this store. The merchant said that they have been operating offline for more than 10 years and are indeed an old team of corporate services. The efficiency is first-class, and the customer service is also very professional.
Note: The above user review data comes from Taobao's "NEO Registered Company" store.