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 […]
Some businesses are established but do not operate, often referred to as “shell company”. These companies will be dealt with to mitigate risks for organizations and individuals linked to them. What does it mean to establish a company but not operate? This refers to a situation where an individual or organization, or a group of […]
This article examines the restrictions on the holding rate of foreign investors in Vietnam. It outlines the conditions under which foreign investors can hold equity in Vietnamese businesses and how these restrictions vary by industry and market access. Legal basis 1. Holding rate of foreign investors under investment treaties According to the provisions in Clauses […]
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 […]
A Limited Liability Company (LLC) is a business structure that provides its owners with limited liability protection while offering flexibility in management and operations. It is a popular choice for entrepreneurs due to its balance of legal protection and organizational freedom. What is a limited liability company? Limited liability company (LLC) is not specifically defined […]