Deregistration, warns Cipro, will expose directors/members to the following: -

1. Loss of limited liability (i.e. personal liability for all debts of the entity), and

2. Loss of the entity’s status as a separate legal entity (with a consequent inability to continue trading), and

3. Forfeiture of the entity’s assets to the state.        
So check now that your corporate annual returns are all up to date!