The consequences of a self-employed person's failure to cancel his business license are: the registration authority cancels his registration or revokes his business license, or orders the parties concerned to handle the change registration according to law. If the registered items of individual industrial and commercial households change and fail to register for change, the registration authority shall order them to make corrections and impose a fine of 1500 yuan; If the circumstances are serious, the business license shall be revoked. Individual industrial and commercial households have not gone through tax registration, and the tax authorities shall order them to make corrections within a time limit; If no correction is made within the time limit, the business license shall be revoked by the registration authority upon the request of the tax authorities. Moreover, it will be blacklisted by the local industrial and commercial authorities. Can't operate, can't be a shareholder of any enterprise, once blacklisted, can't: leave the country, apply for social security, be responsible for people, emigrate, get social security, and impose a penalty of 2000 to 10000 on the revoked company or individual every year.

Matters needing attention for cancellation of business license of self-employed individuals: blacklist of self-employed individuals = personal credit stain of the boss. The difference between self-employed individuals and companies is that self-employed individuals bear unlimited liability and look for the boss himself if anything happens. If you don't deal with it after your license is revoked, you will be included in the list of serious dishonesty, which will not only affect your future loans, buying a house, starting a business again, but also restrict your flying and your children's study abroad.

2. Self-employed individuals must also set up account books, even if they have no income, they must file tax returns on time, otherwise they will be listed as abnormal households, ranging from fines to revocation of licenses.

Procedures for cancellation of individual:

(1) cancel the tax registration certificate at the national tax;

(2) After obtaining the tax cancellation certificate, go to the industrial and commercial office to cancel the license;

(3) After the cancellation, the industrial and commercial office will take back the original and duplicate licenses, and even if the cancellation notice is obtained, the cancellation is completed.

Legal basis:

Measures for the Administration of Name Registration of Individual Industrial and Commercial Households

Eighteenth individual industrial and commercial households within the jurisdiction of the same registration authority name application in any of the following circumstances, shall not be approved for registration:

(1) It has the same name as the registered or pre-approved enterprise or individual industrial and commercial household;

(2) It is the same as the original name changed by other enterprises under the age of 1 year;

(3) Having the same name as an enterprise whose business license has been revoked for less than 3 years or an individual industrial and commercial household whose business license has been revoked for less than 1 year;

(4) It is the same as the name of the enterprise whose cancellation of registration is less than 1 year.