The carbon market is one of the key tools for reducing greenhouse gas (GHG) emissions, supporting the transition to a green economy, and promoting sustainable development. In Vietnam, the development of the carbon market has been initiated with various legal frameworks, such as Decree No. 06/2022/ND-CP, but it still faces significant challenges. Let’s explore the […]
A sole proprietorship is a business model where one individual owns and fully controls the operations, assuming complete responsibility for its debts and activities. This type of business is governed by the 2020 Enterprise Law in Vietnam, which outlines its unique characteristics, such as unlimited liability and non-separation of business and personal assets. 1. What […]
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 […]
A business household is a quite common form of business that many people choose when operating on a small scale. So, is a business household considered an enterprise? This article explores the distinction between business households and enterprises under Vietnam’s current legal framework. 1. What is a Business Household? Current laws do not provide a […]
A joint stock company and a multi-member limited liability company (LLC) are both popular forms of business entities, but they differ in structure, ownership, and liability. Understanding their similarities and differences can help entrepreneurs make informed decisions when choosing the right legal framework for their business. Similarities – All are enterprises operating under the Enterprise […]
When deciding between a single-member LLC and a sole proprietorship, business owners must weigh factors such as liability protection, taxation, and management. Although these two structures share similarities, they also have important differences that can impact the business’s operation and financial responsibilities. Similarities Differences Single-member LLC Sole proprietorship Ownership Individuals or organizations (Clause 1, Article […]