{"id":1436,"date":"2023-05-19T09:50:12","date_gmt":"2023-05-19T02:50:12","guid":{"rendered":"https:\/\/bilaw.vn\/?p=1436"},"modified":"2023-05-19T09:50:32","modified_gmt":"2023-05-19T02:50:32","slug":"procedures-for-transforming-limited-liability-company-into-joint-stock-company-2","status":"publish","type":"post","link":"https:\/\/bilaw.vn\/?p=1436&lang=en","title":{"rendered":"Procedures for transforming limited liability company into joint stock company"},"content":{"rendered":"

Currently, there are many types of businesses operating and regulated by Vietnamese law. Common types of businesses include sole proprietorship, joint stock company, limited liability company, partnership. Accordingly, each type of enterprise has its own systematic organizational structure and development goals in accordance with the law. However, during the operation and operation of the business, there may be major changes. For example, the transformation of the type may occur in enterprises according to the provisions of the law. Which converts from a limited liability company to a joint stock company. B\bi Law Firm<\/strong><\/a> invites readers to follow the following article.<\/em><\/p>\n

1. Concepts<\/strong><\/h2>\n

\u00a0\u00a0\u00a0According to Article 46 of the Enterprise Law 2020, a limited liability company with two or more members is an enterprise with between 02 and 50 members who are organizations and individuals. Members are responsible for debts and other property obligations of the enterprise within the amount of capital contributed to the enterprise, except for the case specified in Clause 4, Article 47 of the Enterprise Law 2020.<\/p>\n

\u00a0\u00a0\u00a0\u00a0According to Article 74 of the Enterprise Law 2020, a single-member limited liability company is an enterprise owned by an organization or individual (hereinafter referred to as the company owner). The company owner is responsible for the company’s debts and other property obligations to the extent of the company’s charter capital.<\/p>\n

\u00a0\u00a0\u00a0\u00a0According to Article 111 of the Enterprise Law 2020, a joint-stock company is an enterprise in which the charter capital is divided into equal parts called shares; Shareholders can be organizations or individuals; the minimum number of shareholders is 03 and there is no limit to the maximum number; Shareholders are only responsible for the debts and other property obligations of the enterprise to the extent of the amount of capital contributed to the enterprise.<\/p>\n

2. Cases of converting a limited liability company into a joint stock company<\/strong><\/h2>\n

A limited liability company may be converted into a joint stock company by the following methods:<\/p>\n