Operating Only with Business License: No Tax Registration Certificate Required (Individual Business Owners Should Never Cancel It)
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Renee
How to operate a business with only a business license but no tax registration certificate as a sole proprietorship? (Without canceling the registration)
2023-05-24 08:49
Answer list:：
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Steadfast
Applying for a business license without obtaining a tax registration certificate means that the individual or business only has the legal permission to conduct business operations, but they are not officially registered with tax authorities and cannot pay taxes legally. This situation is not recommended for sole proprietors as it may result in legal consequences if they attempt to cancel their registration later.
Release time 2023 05 24
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Ethel
Only obtaining a business license without obtaining a tax registration certificate means that the individual business owner has registered their business with the government, but has not completed the tax registration process. This can lead to legal and financial consequences, as taxes are required to be paid on income earned through the business. It is important for individual business owners to not cancel their registration without proper legal advice, as it can lead to negative consequences such as being unable to conduct business in the future.
Release time 2023 05 24
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Landry
Only obtaining a business license without obtaining a tax registration certificate means that the business entity is legally established, but it has not fulfilled its obligations of paying taxes to the government. It is important to note that individuals operating as sole proprietors should refrain from cancelling their tax registration certificate as it may have negative implications on their business operations.
Release time 2023 05 24
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Hattie
Only obtaining a business license but not registering for tax has the implication of being an unregistered taxpayer. For sole proprietorships, it is highly advised not to cancel the license as it may result in legal and financial consequences.
Release time 2023 05 24
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Blessed
This means that a business obtains only a business license but does not register for tax identification (or lacks proper tax registration). For sole proprietors, it is important to not deregister, or cancel, their business license, as taxes may still be owed and could lead to legal repercussions.
Release time 2023 05 24
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Jasmine
"Only obtaining a business license without registering for tax certification means that one is not authorized to legally conduct business operations and collect taxes. This poses a risk for individual businesses as they may face legal action and penalties for non-compliance with tax regulations. It is important for individuals to maintain their tax registration status and not cancel it, in order to avoid potential consequences."
Release time 2023 05 24