Establishing a company is a realization of your dreams and plans. Today, startup stars are being encouraged and paid special attention by the social community. However, not everyone knows the important legal things to set up a company legally.
FACTORS TO BE IDENTIFIED BEFORE ESTABLISHING THE COMPANY
1. Conditions on subjects to set up companies
- Have ID / Passport / Citizen identity.
- Having full capacity for human acts.
- Not subject to not setting up a company (civil servant, officer, ...)
2. Financial determination: self-investment or capital contribution members / shareholder
This is a particularly important issue to identify early when starting a company. You must specify whether to invest by yourself or have members / shareholders contribute capital. Think carefully CLICK cooperating with any individual or organization because they are the ones who can determine the existence and development of the business. Please cooperate with members / shareholders who agree, viewpoints and ideas.
3. Determine the type of company
Currently, Vietnam has 4 most popular types of businesses to choose from:
- Private enterprises: 1 individual owner (This type is very few people choose because of the high legal risk).
- Single member limited liability company: a company owned by an individual or an organization (may hire, hire a legal representative).
- Joint stock companies: 3 or more individuals or organizations (may hire, hire a legal representative)
Select the appropriate type of business based on the NUMBER OF PEOPLE PARTICIPATING IN THE CAPITAL CONTRIBUTION.
4. Name the company
The enterprise's name must be written in Vietnamese, may include numbers and symbols, must be pronounceable and contain at least two components: The type of enterprise and the proper name.
In order to avoid duplication with the names of other businesses that are currently operating, newly established companies often name their businesses according to the current trend such as longer (3-4 word names) or business names with letters ( can match in English).
5. Address of the company
Pursuant to Article 43 of the Law on Enterprises is the place of contact and transaction of an enterprise whose address is determined to include: House number + street name + ward / commune / town + name of district / urban district / town / city under province + central city / province.
6. Business lines
As a rule, enterprises have the right to do business in any business lines not banned by law and need to register with the business registration agency before operating.
7. Legal representative
“Limited liability companies and joint stock companies may have one or more legal representatives. The company's charter specifies the number, management title and rights and obligations of the legal representative of the enterprise. "
8. Charter capital of the enterprise
The total assets, money that members / shareholders, owners contribute or commit to contribute within 90 days for the business to operate. The charter capital is registered by the enterprise itself and does not need to be proved.
PREPARING THE PROFILE OF ESTABLISHMENT OF THE COMPANY
Document preparation is the next step to starting a business, which includes:
- Certified copy of ID card / Passport / Citizenship not exceeding 6 months and still valid of legal representative and capital contributing member.
- Registration file includes:
Request for business registration
Company rules
List of members / shareholders (Limited 2TV, Shares)
And some other documents depending on special cases.
PROCEDURES, PROCEDURES AND TIME OF ESTABLISHING THE COMPANY
1. Procedures - process of establishing a company
Prepare information about the company intending to establish and the identification documents presented in sections A and B presented
Submit application file + Collect results of business registration certificate + Report + Sign seal at DPI
Register to buy digital signatures (Electronic tax return)
Open a bank account
Complete the original tax declaration procedure at the tax administration agency
Invoice issuance notice
2. Time of founding the company
Establishing a company takes how long it is one of the top questions of business founders. The total time for applying for a license is up to 15 - 25 working days to the customer. is not). Specifically:
- Time of issuing business registration certificate: 1-3 working days from the date of submitting valid application file
- Time to publish the report, engrave the seal, register the seal sample: 1-3 working days.
IMPORTANT THINGS TO DO NOW AFTER THE ESTABLISHMENT OF THE COMPANY
After completing the aforementioned legal procedures, businesses should immediately proceed with the following to complete the new company.
1. Carving signs and hanging boards at the company's headquarters.
2. Making accounting books of enterprises.
3. Monthly / quarterly tax report
4. Report the employer twice a year
5. Financial statements once a year
6. License tax paid 1 year / time, latest on January 30.
Establishing the right company is extremely important for your business plan. My website https://luatthienma.com.vn/ Hope the information in the article above answers your questions related to legal procedures when registering business.