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    The document discusses different types of non-state owned enterprises in Vietnam including shareholding companies, private companies, partnerships, and limited liability companies (LLCs). It provides details on LLCs, noting they can have either more than one member or a sole member. For multi-member LLCs, the number of members must be between 1 and 50, members have limited liability, and decisions are made by a Members' Council that meets annually. Sole member LLCs have one owner who is responsible for debts and obligations up to the charter capital.

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    Lec 2 - TOL - in [Compatibility Mode]

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    The document discusses different types of non-state owned enterprises in Vietnam including shareholding companies, private companies, partnerships, and limited liability companies (LLCs). It provides details on LLCs, noting they can have either more than one member or a sole member. For multi-member LLCs, the number of members must be between 1 and 50, members have limited liability, and decisions are made by a Members' Council that meets annually. Sole member LLCs have one owner who is responsible for debts and obligations up to the charter capital.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    9 views4 pages

    Lec 2 - TOL - in (Compatibility Mode)

    Uploaded by

    Pow Finn
    The document discusses different types of non-state owned enterprises in Vietnam including shareholding companies, private companies, partnerships, and limited liability companies (LLCs). It provides details on LLCs, noting they can have either more than one member or a sole member. For multi-member LLCs, the number of members must be between 1 and 50, members have limited liability, and decisions are made by a Members' Council that meets annually. Sole member LLCs have one owner who is responsible for debts and obligations up to the charter capital.

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    © All Rights Reserved
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    of 4

    Ho Thuy Hang - LLM.

    9/22/2022

    Lecture 2
    ENTERPRISE LAW 2020

    Ho Thuy Hang - LLM.

    Ho Thuy Hang - LLM.

    Enterprise
    • Enterprise: an economic organization
    legally established
    own name
    stable office
    assets
    conducting business.

    Art.4 Law on Enterprises 2020

    Ho Thuy Hang - LLM.

    Non-state owned enterprises

    Shareholding co Private co. Partnership

    L.t.d co.
    Ho Thuy Hang - LLM.

    Ho Thuy Hang - LLM. 1


    Ho Thuy Hang - LLM. 9/22/2022

    1.LIMITED LIABILITY COMPANY

    Ltd Company with more Sole member


    than one member Ltd company

    Ho Thuy Hang - LLM.

    1. Ltd Company with more


    than one member
    • Members:
    1 < organization and/or individual ≤ 50
    • Member’s responsible: limited liability.
    • Legal status
    • Not entitled to issue shares,

    Ho Thuy Hang - LLM.

    Capital contribution certificate


    • Name and head office of the company;
    • Number and the issuing date of company’s
    registration certificate.
    • The charter capital;
    • Individual member: name, resident address,
    nationality, ID.
    Institutional member: number of registration/
    establishment certificate.
    • Capital share and value of contributed capital;
    • Number, issuing date of the certificate;
    • Full name, signature of the legal representative.
    Ho Thuy Hang - LLM.

    Ho Thuy Hang - LLM. 2


    Ho Thuy Hang - LLM. 9/22/2022

    Members’ Councils
    • Highest decision-making organ

    • Convene annually or stipulated by the company


    charter.

    • Legal meeting

    Ho Thuy Hang - LLM.

    Director

    • Run day-to-day business operations

    • Be responsible to the Members’ Council.

    Ho Thuy Hang - LLM.

    SOLE MEMBER LIMITED LIABILITY COMPANY

    • An enterprise is owned by one organization


    or individual.
    • The company owner
    + liable for debts and other obligations of
    the company within the charter capital.
    + Keeping assets of the company and
    company owner separated

    Ho Thuy Hang - LLM.

    Ho Thuy Hang - LLM. 3


    Ho Thuy Hang - LLM. 9/22/2022

    Restrictions on the rights of the


    company owner

    • withdraw the capital only by transferring


    the capital to another person

    Ho Thuy Hang - LLM.

    Ho Thuy Hang - LLM. 4

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