Differences Between Limited Liability Company and Joint Stock Company
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How to distinguish a Limited Liability Company and Joint Stock Company? Vietnam Law allows the establishment company in Vietnam in various forms. It is an important step in investment process. 10 questions to ask before setting up company in Vietnam ? Investors could choose different forms depending on the needs and capacity on the ability to raise capital and sharing the risk in business as well as the management and operating costs. Each form will have its own organizational structure, operating mechanism, rights and obligations specified under Law on Enterprise 2014. Currently, Limited Liability Company (“ LTD ”) and Joint Stock Company (“ JSC ”) are two popular enterprise forms operating in Vietnam. What is the difference between these two forms of companies? I. Organizational Structure Number of members/shareholders: LTD -Single member LTD: Having only one member (member can be an organization or an individual); -Multi members...