Under what circumstances will the company be liquidated?

There are three situations in company liquidation: first, the shareholders' meeting decides to dissolve the company; When the shareholders' meeting decides to dissolve the company, there are often various reasons. For example, the business term has passed and the number of shareholders has decreased, which no longer meets the relevant requirements. 2. The company declares bankruptcy; Company bankruptcy refers to the situation that the assets of the company are not enough to pay off debts and the financial situation is negative. Therefore, enterprise bankruptcy generally needs to meet two conditions, namely, serious operating losses and inability to pay off due debts. Simply put, the company has been losing money and finally has no money to pay its debts. 3. The government ordered the dissolution of the company; Under normal circumstances, the government will only ask for dissolution when the company has illegal acts or acts that endanger the public interests of the state and society. Common situations include: withdrawing funds, hiding property to avoid debts, concealing relevant information when the company is registered, renting, forging, lending business licenses and other illegal acts. When the government requires the company to be dissolved, the common ways to deal with it are: ordering to close down, stopping production, suspending business, revoking business license, etc. Article 182 of the Company Law of People's Republic of China (PRC), serious difficulties occur in the operation and management of the company, and the continued existence will cause great losses to the interests of shareholders. If it cannot be solved by other means, shareholders holding more than 10% of the voting rights of all shareholders of the company may request the people's court to dissolve the company.