Forms of Doing Business in Viet Nam

Form

Partners

Obligation related to the company’s property and debts

Issue shares

Legal Status

Partnerships

At least 02 partners are co-owner of the company who run business together in a common name.

Apart from general partners, the company may have contributing partners

General partners are individuals who are responsible for the company’s obligations with all of their property;

Contributing partners are only liable for the company’s debts up to the value of capital contributed to the company.

Can not issue any kind of shares

From the issuance date of the Certificate of Business registration.

Joint-stock companies

Shareholders may be organizations and individuals; the minimum quantity of shareholders is 03; the maximum quantity is not restricted.

Shareholders are entitled to transfer their shares to other persons

Shareholders are only liable for the enterprise’s debts and other liabilities up to the value of capital contributed to the enterprise;

Can issue various types of shares to raise capital

The issuance date of the Certificate of Business registration.

Multi-member Limited Liability Companies

(Multi-member LLC)

Members are organizations and/or individuals;

The number of members does not exceed 50;

 Members are liable for debts and other liabilities of the enterprise up to the value of capital they contribute to the enterprise

Stakes of members shall be transferred

Can not issue any kind of shares

From the issuance date of the Certificate of Business registration.

Single-member Limited Liability Companies (Single-member LLC)

The ownership can be an organization or individual

 The company’s owner is liable for the company’s debts and other liabilities up to the company’s charter capital.

Can not issue any kind of shares

The issuance date of the Certificate of Business registration.