If there are no creditor's rights and debts in the market entity or the creditor's rights and debts have been paid off, and all investors promise in writing to bear legal responsibility for the authenticity of the above situation, they can cancel the registration according to the summary procedure. The simple cancellation procedure is not applicable to a market entity under any of the following circumstances: (1) the cancellation of a market entity is subject to approval according to law; (2) The market entity has its business license revoked, ordered to close down or revoked; (3) Being listed in the list of business anomalies. The market entity shall publicize the letter of commitment and the application for cancellation of registration through the national enterprise credit information publicity system for 20 days. If there is no objection during the publicity period, it may apply to the registration authority for cancellation of registration within 20 days from the date of expiration of the publicity period. If individual industrial and commercial households cancel their registration according to summary procedures, there is no need for publicity. The registration authority will push the application for cancellation of registration to the relevant departments such as taxation. If the relevant departments do not raise any objection within 10 days, they can directly cancel the registration.