Dissolving an enterprise involves terminating its legal status, including its rights and obligations. Whether voluntary or compulsory, the dissolution process follows specific procedures and requirements outlined by the law, depending on the type of business and its situation. What is the Dissolution of Enterprises? The dissolution of an enterprise refers to the process of ending […]
Transforming a sole proprietorship into another business form can be an essential step for growth, better alignment with the business’s development, or compliance with legal requirements. This article outlines the different types of business transformation available for sole proprietors, including the necessary conditions, procedures, and documentation for each transformation. 1. What is a Sole Proprietorship? […]
In a partnership , there are two primary types of members: general partners and limited partners. While both play essential roles in the business, they differ significantly in terms of responsibilities, rights, and liabilities. This article compares and contrasts the two types of members to highlight their unique features. 1. What is a General Partner? […]
A partnership is a popular business model where two or more individuals join together to run a business, sharing profits, losses, and responsibilities. In this model, each general partner is jointly and severally liable for the company’s obligations, which makes trust and cooperation among partners essential. This article outlines the rights, obligations, and conditions for […]
A partnership company is a business entity where at least two individuals or entities come together to operate under a common name, sharing joint and unlimited liability for any debts or obligations. This model is widely used in family businesses and small enterprises, offering benefits such as ease of management, trust among partners, and easier […]
A partnership company in Vietnam is a business entity where at least two individuals contribute capital and share joint, unlimited liability for the company’s obligations. This structure, governed by the 2020 Enterprise Law, involves two types of partners: general partners, who bear unlimited liability and manage the company, and capital contributors, who have limited liability […]