According to the Company Law, during the liquidation period, the company shall not carry out business activities unrelated to liquidation. The specific liquidation procedures are as follows. 1. Set up a liquidation team and start liquidation. 2. Notify or announce the creditors and register their claims, and the creditors shall declare their claims to the liquidation group. 3. The liquidation group shall clean up the company's property, prepare the balance sheet and property list, and formulate the liquidation plan. 4. Disposal of assets, including collection of accounts receivable and sale of non-monetary assets. Among them, uncollectible accounts receivable should be treated as bad debts, and losses can be deducted only after approval by the tax authorities. 5. Pay off the debt. After paying the liquidation expenses, the company's property (excluding the secured property) shall pay off the debts in legal order, that is, pay the employees' wages, social insurance expenses and legal compensation, pay the taxes owed and pay off the company's debts. 6. Distribution of surplus property. If the company's property has a surplus after paying liquidation expenses and paying off debts, it shall be distributed to investors according to the proportion of capital contribution or shareholding, and the distribution of surplus property shall be regarded as external sales, and the hidden gains or losses shall be confirmed. The company's property shall not be distributed to shareholders before it is paid off in accordance with the provisions of the preceding paragraph. 7. Make a liquidation report and apply for cancellation of company registration.