COMPANY ESTABLISHMENT SERVICES
According to the Enterprise Law 2020, there are 5 main types of businesses that individuals and organizations can choose the appropriate establishment model.
When the business grows after a period of business and has the desire to expand its market, choose the establishment method:
According to the law, each type of enterprise has its own nature, characteristics, size, organizational structure, and rights and obligations of the company's owner. So you can base on your actual needs that choose the type of business business accordingly. If there is 1 member, one member limited company can be selected or a private enterprise, if there are 2-50 members, two member limited company can be selected, if there are 3 or more members with can choose Joint Stock Company.
A one-member limited liability company owned by a single person or organization. The owner is liable for the company's debts and other property obligations to the extent of the company's charter capital. A one-member limited liability company has legal status from the date of issuance of the Certificate of Business Registration. Single member limited liability company is not entitled to issue shares
Limited liability company with two or more members is an enterprise in which the Owner can be an organization or an individual with the minimum number of members being two and not exceeding fifty. Members are responsible for the debts and other property obligations of the enterprise to the extent of the amount of capital contributed to the enterprise. Limited liability companies with two or more members shall have legal status from the date of issuance of the Certificate of Business Registration. A limited liability company with two or more members is not entitled to issue shares.
Joint Stock Company is an Enterprise in which the Company's Charter Capital is divided into equal parts called shares. Shareholders can be organizations or individuals (the minimum number is 03 and there is no limit to the maximum number) owning shares. Shareholders are responsible for the company's debts and other property obligations to the extent of the capital contributed to the company. Shareholders have the right to freely transfer their shares to other people, except for the case where the transfer is restricted for the first 3 years for founding shareholders. A joint-stock company has legal status from the date of issuance of the Certificate of Business Registration. Joint stock companies have the right to issue shares of all kinds to raise capital.
A sole proprietorship is owned by an individual and is solely responsible for all of his or her assets for all operations of the business. Private enterprises may not issue securities of any kind. Each individual is only entitled to establish a private enterprise. The owner of a private enterprise cannot concurrently be the owner of a business household or a member of a partnership. A private enterprise is not entitled to contribute capital to the establishment or purchase shares or contributed capital in a partnership, limited liability company or joint-stock company.
A branch is a dependent unit of an enterprise, responsible for performing all or a part of the enterprise's functions, including the function of an authorized representative. The branch's line of business must be consistent with the business line of the enterprise.
A representative office is a dependent unit of an enterprise, which has the task of representing by authorization for the interests of the enterprise and protecting those interests.
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