The process of canceling the business license of an individual household online includes: going to the website of the business administration department; logging in to the account, choosing to cancel; filling in the relevant information and submitting the materials; and after reviewing and passing the process, it can be successfully canceled. If the cancellation is not possible, you can bring the original materials to the business administration department for offline cancellation.

Legal Objective:

Regulations on the Administration of Company Registration of the People's Republic of China

Article 63: If a company obtains company registration by misrepresenting its registered capital, the company registration authority shall order rectification and impose a fine of not less than 5% and not more than 15% of the amount of the misrepresented registered capital; and, if the circumstances are serious, revoke the registration of the company or revoke the business license.

Article 64: Where a company obtains company registration by submitting false materials or adopting other fraudulent means to conceal important facts, the company registration authority shall order correction and impose a fine of not less than 50,000 yuan and not more than 500,000 yuan; if the circumstances are serious, the company registration shall be revoked or the business license shall be suspended.