The annual review process for a public and commercial business license is as follows:

1. Prepare materials: Enterprises need to prepare the original business license, organization code certificate, tax registration certificate, and legal representative Identity certificate and other relevant materials.

2. Confirm the processing time: Enterprises need to go through the annual review before the business license expires. The specific time is determined according to the regulations of the local industrial and commercial bureau.

3. Submit application materials: Enterprises need to submit the prepared annual review application materials to the industrial and commercial window of the local industrial and commercial administration department to apply.

4. Pay annual review fees: Enterprises need to pay annual review fees and obtain a new business license.

5. Obtain a new business license: After completing the annual review, the enterprise must go to the industrial and commercial window to obtain a new business license. At the same time, it is necessary to confirm whether the information on the new license is accurate.

The following materials are required for the annual review of the public and commercial business license:

1. The original and copy of the business license.

2. Original and copy of organization code certificate.

3. Original and copy of tax registration certificate.

4. Financial statements for the most recent year, including balance sheet, income statement, cash flow statement, etc.

5. Tax returns for the most recent year, such as value-added tax returns, income tax returns, etc.

6. The original and copy of the company’s annual audit report.

7. Original and copy of the legal representative’s ID card.

To sum up, if an enterprise fails to conduct an annual review within the prescribed time, it may face penalties such as fines, suspension of business for rectification, or even the revocation of its business license. Therefore, companies need to conduct annual reviews on time and keep relevant information complete and accurate.

Legal basis:

Article 6 of the "Company Law of the People's Republic of China"

To establish a company, one must apply for establishment registration to the company registration authority in accordance with the law . Those that meet the establishment conditions stipulated in this Law shall be registered as a limited liability company or a joint stock company by the company registration authority; those that do not meet the establishment conditions stipulated in this Law shall not be registered as a limited liability company or a joint stock company.

If laws and administrative regulations stipulate that the establishment of a company must be subject to approval, the approval procedures must be completed in accordance with the law before the company is registered.

The public may apply to the company registration authority to inquire about company registration matters, and the company registration authority shall provide inquiry services.