If the company goes bankrupt, employees should be compensated for the termination of the contract according to the regulations. The standard is: those who have worked for one year will be compensated for one month, and those who have worked for ten years will be compensated for ten months. After the bankruptcy property of the company gives priority to paying off bankruptcy expenses and public welfare debts, the first thing is to compensate employees for their due income. Payment order of employees' due income: employees' wages, medical care, disability allowance, payment fees, basic old-age insurance, medical insurance fees that should be included in employees' personal accounts, and compensation that should be paid to employees according to laws and administrative regulations.

Second, analysis

When a company closes a store, it stops operating, that is, the company closes for some reason. Those who fail to carry out business activities for six months or stop business activities for one year shall be deemed to be closed down. There are two conditions for a company to close its business: the enterprise should stop its business activities according to law, and it must reach a certain time limit if it does not carry out its business activities or stops its business activities.

3. What is the process of closing the company?

During the operation period approved by the business license, the taxpayer applies to the tax registration management link, receives and fills in the business suspension registration form, and submits the business suspension registration form signed by each link together with the materials to the tax registration management department. The tax registration management link accepts the forms and related materials filled by taxpayers, and examines whether the filled forms and related materials meet the requirements. Confirm that the taxpayer applying for suspension of business has settled the tax and paid the invoice, seal up its tax registration certificate, report it to the leader for approval, approve its application for suspension of business, and make a notice of approval for suspension of business.