Self-employed people will not be fined if they don't cancel.

However, if individual industrial and commercial households no longer engage in business activities, they shall cancel their registration with the registration authority.

After one year, if the company fails to handle the cancellation of registration and annual inspection on time, all business licenses of the company will be revoked by the administrative department for industry and commerce.

Moreover, they will also enter the business exception list, which will make it inconvenient for them to start business and register individual industrial and commercial households in the future.

legal ground

Article 17 of the Provisional Regulations on Enterprise Information Publicity

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 publicize the annual report within the time limit stipulated in these Regulations or fails to publicize the relevant enterprise information within the time limit ordered by the administrative department for industry and commerce;

(two) the information disclosed by the enterprise conceals the real situation and practices fraud.

Enterprises listed in the list of business anomalies shall be removed from the list of business anomalies by the administrative department for industry and commerce at or above the county level if they fulfill their publicity obligations in accordance with the provisions of these regulations;

Failing to fulfill the obligation of publicity for three years in accordance with the provisions of these Regulations, the administrative department for industry and commerce of the State Council or the administrative department for industry and commerce of the people's governments of provinces, autonomous regions and municipalities directly under the Central Government shall be included in the list of seriously illegal enterprises and publicized to the public through the enterprise credit information publicity system. The legal representative and person in charge of an enterprise listed in the list of seriously illegal enterprises shall not serve as the legal representative and person in charge of other enterprises within 3 years.

If the enterprise fails to meet the circumstances mentioned in the first paragraph within five years from the date of being included in the list of seriously illegal enterprises, the administrative department for industry and commerce of the State Council or the administrative department for industry and commerce of the people's governments of provinces, autonomous regions and municipalities directly under the Central Government shall remove it from the list of seriously illegal enterprises.