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 […]
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 […]