Company Limited Establishment

Determining the type of limited liability company:

In order to limit tax-related problems or other arisings that force you to carry out the procedures for converting the type of business, you need to determine the type of business before it is established.

Based on the registered capital of the business and the number of capital contributing members, the limited company is divided into:

1. One-member limited liability company: is a company established by an individual or organization with the charter capital recorded in the Business Registration and not divided into shares.
2. Limited liability company with 2 or more members: established and operated by at least two members and at most 50 members

To form a limited company (limited liability company), you need to take the following steps:

1. Make a plan: Learn about the market, define business goals, source capital, and assess the company’s competitiveness.
2. Name the company: Choose a name for the company, make sure that the name does not coincide with other companies and in accordance with the law.
3. Establishing a company: Registering company establishment with competent state management agencies, including: Department of Planning and Investment, Department of Taxation, Department of Finance and other agencies.
4. Establishment of a General Meeting of Shareholders or a Board of Directors: If the company has 2 or more members, you must establish a General Meeting of Shareholders or a Board of Directors.
5. Business registration: Register a business license with a competent state management agency.
6. Tax registration: Register tax identification numbers and payable taxes with the Tax Department.
7. Open a bank account: Open a bank account for the company.

However, the T&H Service only needs you to provide:

1. Expected company information: name, address, industry;
2. Notarized copy of ID card/passport of the owner/capital-contributing member and legal representative;
3. Charter capital of the company and capital contribution ratio of each member (if it is a limited liability company with 2 or more members).

Using the service of establishing a limited company helps customers save time and effort in understanding and carrying out the necessary legal procedures.

In addition, thanks to T&H’s advice and support, customers can also ensure that their establishment of a limited company meets the legal requirements and meets their business needs.