ANT Law

Forms of  Setting up company in Vietnam According the Vietnam Law on Enterprises, there are four common types of companies: -Private enterprise -Partnership -Joint stock company -Limited liability company - Private enterprise  is a business run by a single person who is responsible for all of its operations and owns all of its assets; -P artnership  is an organization in which (i) at least two partners co-own the business and operate jointly under a single name; There may be limited partners in addition to general partners; ii) A partnership's general partners must be individuals who are fully responsible for the partnership's obligations with their entire property: iii) Limited partners are only responsible for the partnership's debts up to the amount of their capital contribution; - Joint stock company  is an enterprise where i) Its contract capital is partitioned into equivalent bits known as shares; ( ii) Shareholders may be individuals or organizations; the base...