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Procedures for temporary business suspension is an important process for businesses when they need to temporarily suspend operations for a certain period of time without having to stop completely. Understanding and properly implementing this procedure will help businesses avoid legal risks, protect the rights of related parties and ensure that their business obligations are not affected. Through the following article, Long Phan will provide customers with detailed information about the above procedure.
Suspension of business, based on Clause 1, Article 41 of Decree 01/2021/ND-CP, is the legal status of an enterprise during the period during which that enterprise temporarily suspends operations according to the provisions of the Law on Enterprise.
According to Clause 2, Article 66 of Decree 01/2021/ND-CP, when businesses temporarily suspend business, they need to prepare the following documents in the dossier:
All of these documents need to be fully prepared to ensure the documents are valid when sent to the Business Registration Office
Pursuant to Article 66 and Article 67 of Decree 01/2021/ND-CP, steps to temporarily suspend business for businesses will include:
Step 1: Notify the Business Registration Office
Step 2: Wait for confirmation
Step 3: Update information
After receiving the confirmation, the Business Registration Office will update the legal status of the enterprise to the state of temporary business suspension in the National Database.
Step 4: Register to continue doing business (if necessary)
If the enterprise wants to continue doing business before the announced deadline, it needs to do the same as step 2, send a notice to the Business Registration Office and do so within the prescribed time period.
Note:
When an enterprise temporarily suspends business, it is necessary to pay attention to the following issues:
To carry out business suspension procedures smoothly and effectively, Long Phan provides customers with a service to guide the implementation of business suspension. Include:
Business suspension procedures are an important step to help businesses protect their rights when not operating without facing financial risks. To properly follow the process and complete documents, businesses need to comply with the requirements of the authorities. Long Phan is always ready to support you quickly and effectively. Please contact us via hotline 0906735386 for detailed advice!
Note: The content of the articles published on the website of Long Phan Investment Consulting Company is for reference only regarding the application of legal policies. Depending on the time, subject, and amendments, supplements, and replacements of legal policies and legal documents, the consulting content may no longer be appropriate for the situation you are facing or need legal advice on. In case you need specific and in-depth advice according to each case or incident, please contact us through the methods below. With our enthusiasm and dedication, we believe that Long Phan will be a reliable solution provider for our clients.
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