Consulting Service For Change, Termination of Business Operations

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Change or termination of business operations involves companies deciding to modify their registered activities or cease operations. Consulting services for changes and cessation aim to help businesses understand the procedures involved. In addition, Long Phan will address issues related to human resource management, taxes, and finances, as well as provide information on documentation, procedures, services, and consulting fees in the following article.

Business consultation on changes - termination of perationsBusiness consultation on changes – termination of operations

Benefits of using business change or termination services at Long Phan

Currently, businesses face numerous challenges and difficulties during the process of changing or terminating operations due to the need to address various complex issues such as tax matters, human resource management, financial structure, etc. Therefore, to ensure a smooth process, businesses need the support of a specialized entity in the field of business consulting in general and in the specific area of change or termination of business operations. This support brings about the following benefits:

  • Firstly, time-saving: To understand the real situation and the issues that need to be addressed by the business in practice takes a considerable amount of time. Utilizing consulting services from specialized organizations will help save time during the process of changing or terminating business operations.
  • Secondly, cost-effectiveness: Engaging consulting services will help customers save a certain amount of money during the completion of procedures, as there are many affordable consulting services available today, tailored to the needs of the customers.
  • Thirdly, legal risk mitigation: The process of changing and terminating business operations can give rise to related rights and obligations. Therefore, having support from a specialized organization is an effective measure when carrying out procedures, avoiding potential disputes that may arise in the future.

We, at Long Phan, with our team of outstanding and professional lawyers and experts, especially in the legal field of business, offer efficient and reputable services. We are the suitable choice to address your concerns in this matter.”

Consulting services at Long Phan for business change or termination

Legal procedure

The process of changing or terminating business operations needs to adhere to a common legal procedure with the following steps:

Step 1: Notify the relevant state authorities, tax authorities, creditors, and employees about the change or termination of business operations.

Step 2: Fulfill financial obligations to the state and employees when terminating business operations.

Step 3: Prepare documentation for the change or termination of business operations.

Step 4: Submit the documentation to the relevant state authorities.

Step 5: The authorities process and announce the results, updating information on the change or termination of business operations.

Depending on the nature of each change or termination activity, as well as the characteristics of the business and the industry, the preparation of documents and procedures for each case may vary.

Human resource management

When a business undergoes changes or terminates its operations, it is crucial to address human resource and labor issues within the company. Therefore, there are several considerations that businesses and business managers need to pay attention to, such as:

  • Informing employees within the company about the changes or termination of operations.
  • Developing a plan to reorganize the personnel structure and manage labor in cases of changes in business activities.
  • Settling debts related to labor contracts, including salaries, social insurance, health insurance, unemployment insurance, severance pay, and other benefits for employees in the event of business termination.
  • Completing procedures regarding the rights and benefits of employees and timely returning documents and files to employees.

Organizing human resources during changes - termination of operationsOrganizing human resources during changes – termination of operations

Tax and financial consultancy

Another equally important aspect when a business undergoes changes or terminates its operations is the tax and financial procedures. Specifically, tax and financial issues during changes or termination of business activities include:

  • Fulfilling obligations related to outstanding debts, financial obligations to the state, such as taxes, and other financial obligations.
  • Preparing financial reports for the business undergoing changes or termination of operations.
  • Managing and dividing the business’s assets during changes in operations.
  • Liquidating assets when the business terminates operations.
  • Closing tax identification numbers when terminating operations, including forming an asset liquidation council, inspecting the quality and value of assets, and selling assets.
  • Updating tax registration information and obtaining a new tax identification number when there are changes in business activities.

Procedures and documentation

The preparation of documentation and procedures for changing or terminating business operations is, in practice, a complex process that goes through various stages. To facilitate the execution of these procedures, you can avail our consultancy services, including:

  • Advising on the types of documents and files required when implementing changes or terminating operations.
  • Guiding on the authorities responsible for handling changes or terminating business operations.
  • Providing guidance on the procedural steps at relevant authorities during changes or termination of operations.
  • Offering advice on the fees, charges, and other expenses that businesses must fulfill during changes or termination of operations.
  • Providing guidance on processing documentation and paperwork after completing the procedures for changes or termination of operations.

Consultation process

Our consultation process for changes or termination of business operations is carried out in the following sequence:

  • Reception of the issue and identification of customer requirements.
  • Receipt of documents and files from the customer, request for necessary information when needed.
  • Evaluation of documents, papers, and contents required for the consultation process.
  • Preparation of necessary information and documentation for the consultation process.
  • Formulation of strategy and consultation plan based on customer requirements.
  • Signing of the consultancy service contract.
  • Implementation of consultation, discussions, and exchanges regarding changes or termination of business operations.
  • Proposing solutions for customer requirements.
  • Consulting on post-change or termination procedures for business operations.
  • Handing over documents and files upon completion of the customer’s consultation.

Depending on the specific requirements of the customer and the real situation of the case regarding changes or termination of operations, we will provide flexible and effective services to ensure maximum customer benefits.

Consulting service for business changes and terminationConsulting service for business changes and termination

Consultation fees

The service consultation fees for changes or termination of business operations in practice vary depending on the timing, nature of the case, business sector, number of applications, and the scale of the enterprise. Consequently, the consulting fees will be communicated and provided by us when you express interest in using our consultation services.

Ensuring compliance with legal regulations during the execution of these procedures is crucial for changes or termination of business operations. The service of consulting for changes or termination of business activities helps clients guarantee adherence to legal requirements. To utilize our consulting service for changes or termination of business operations or to inquire about service fees, please contact us through the hotline at 0906.735.386 or reach out to Long Phan for swift assistance and quotation.

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