What is a partnership company and what procedures are needed to establish a partnership company? If you are a young entrepreneur interested in this type of company but are unclear about the legal documentation procedures, please contact us at Á Đông for the best advice and support.
The procedure for establishing a partnership company according to the Enterprise Law involves many complex steps. Company members must comply with detailed legal regulations such as the current Enterprise Law. How many steps does this process require? What are the conditions for establishing a partnership company? What are the costs? Let's explore the details together with A Dong in this article.
2.1 What is a partnership company?
A partnership company is a business with at least two people who contribute capital and operate under a common name, bearing unlimited liability for debts and obligations that arise. A partnership has legal personality when its members contribute the capital as committed. After completing the establishment procedures, the company will be issued a Business Registration Certificate.
2.2 Advantages and disadvantages of a partnership company
Advantages:
- A streamlined organizational structure that is easy to manage.
- Members are responsible with their entire assets, creating a high level of trust.
- Easy to borrow money and defer debt due to unlimited liability.
- Management is simple because the number of members is small and familiar.
Disadvantages:
- High level of risk due to unlimited liability.
- Cannot issue securities, restricting capital raising.
- A withdrawing member still has to bear responsibility for old debts.
- The number of partnerships in Vietnam is low.
Step 1: Prepare and submit the application.
The documents that need to be prepared include the application for business registration, the draft charter, the list of members, copies of the ID card/identity card/passport of the members, the investment registration certificate (if any), and the power of attorney (if needed). The application can be submitted directly or online. Within 3 days, the Business Registration Agency will review and issue the Business Registration Certificate.
Step 2: Announce the business registration content.
Businesses must publish information on the National Business Registration Portal within 30 days of receiving the Certificate of Registration. If not, you may face a fine.
Step 3: Engrave the legal entity seal.
Within 1-2 working days after receiving the Certificate, the company must create a seal. The seal shows the name and business registration number.
Step 4: Notify about the stamp template.
Businesses must notify the Business Registration Office about the seal sample.
Step 5: Receive the business registration certificate.
After completing the above steps, the business receives a registration certificate, a seal template, and a round seal.
Step 6: Complete the procedures after registration.
Includes hanging signboards, announcing tax calculation methods, opening bank accounts, registering digital signatures, and ordering invoice printing.
4.1 Register online using a digital signature.
The initial steps involve preparing the documents, creating an account on the registration website, scanning and signing the documents electronically, submitting the application online, and receiving the business registration certificate either online or in person.
4.2 Register online using a business account.
Access the registration website, log in to your account, fill in the business information according to the guided sections, check and correct any errors if necessary, pay the registration fee, and receive the certificate by mail or in person.
This article will help you better understand the process of establishing a partnership company and the benefits of using Á ĐÔNG's business establishment services.
If you need more information or assistance, please contact A Dong Company for detailed advice.
Address: Room F2&F3 FOSCO Building, No. 2 Phung Khac Khoan, Da Kao Ward, District 1, Ho Chi Minh City
Hotline: 0903 693 301 - 0909 393 329 - 0903 641 946
Email: info@a-dong.com.vn
Website: a-dong.com.vn
.png&description=What is a partnership company and what procedures are needed to establish a partnership company? If you are a young entrepreneur interested in this type of company but are unclear about the legal documentation procedures, please contact us at Á Đông for the best advice and support.&){kind=link}