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What is the annual business report? Do you need it every year?
Yes, every year.

Industrial and commercial annual report is a publicity system of enterprise annual report organized by industrial and commercial departments. Through the annual report of industry and commerce, the public and partners can understand the operation of enterprises and ensure the safety of transactions; Through the annual business report, enterprises can show the strength and image of honest management to the outside world, which is conducive to the long-term development of enterprises.

Commercial subjects include companies, partnerships, sole proprietorships, individual industrial and commercial households, unincorporated business units, foreign (regional) enterprises engaged in business activities in China, farmers' professional cooperatives, enterprise branches, etc. All companies, individual industrial and commercial households and professional cooperatives registered on or before February 3, 20 19 will make the annual business report for 20 19 from now on.

The annual report is about honesty, opportunity and future. Publicizing the annual report is the legal obligation of enterprises. Do not take the annual report seriously. If an enterprise fails to make an annual report on time, it will be listed in the business exception list by the industrial and commercial department. Enterprises that have not moved out for three years are included in the list of serious illegal and untrustworthy enterprises.

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