The one-member limited liability company charter form has been updated

Article overview

Sample charter of a one-member limited liability company is an important tool to help owners clearly define the organizational structure, rights and obligations of related parties, and ensure the company’s operations comply with legal regulations. Using the updated charter template not only helps the company operate effectively, but also minimizes legal risks and creates favorable conditions for business management and development.

Latest form of charter of a one-member limited liability company
Latest form of charter of a one-member limited liability company

Contents of the charter of a one-member limited liability company according to regulations in 2024

According to Clause 2, Article 24 of the Law on Enterprise 2020, the charter of companies in general and one-member limited liability companies will include the following contents:

  • Name and address of the company’s headquarters: Provide information about the name and address of the one-member limited liability company.
  • Business lines and industries: Determine the industries and occupations in which the company will operate according to the business registration license.
  • Charter capital: The company’s charter capital and the capital contribution ratio of the owner, including the level of committed capital and the number of capital contributions.
  • Full name, contact address, nationality of company owner: Detailed information about the company owner, such as full name, address, nationality.
  • Rights and obligations of the owner: Rights and obligations of the owner of a one-member limited liability company, including decision-making rights and related responsibilities.
  • Management and organizational structure: Regulations on the company’s organizational and management structure, such as the structure of the board of directors or executive departments, if any.
  • Title and rights and obligations of the legal representative: Regulations on the legal representative of a one-member limited liability company, including rights, obligations, and division of responsibilities if there are many representatives face.
  • Forms for approving company decisions: Regulations on forms and processes for approving decisions in the company.
  • Methods for determining salaries, remunerations, and bonuses of managers: Regulations on how to calculate salaries and bonuses of individuals in the company’s management board.
  • Principles for profit distribution and loss handling: Regulations on post-tax profit sharing and handling of business losses.
  • In case of dissolution, dissolution procedures and procedures for liquidation of company assets: Regulations on conditions and procedures for dissolution of the company, as well as procedures for liquidation of assets after dissolution.
  • Procedures for amending and supplementing the Company’s Charter: Regulations on the process of amending and supplementing the Company’s Charter in case of necessity.

The above contents are intended to ensure that the one-member limited liability company operates in accordance with the law and has a clear and transparent management system.

Contents of the current charter of a one-member limited liability company
Contents of the current charter of a one-member limited liability company

Sample charter of a one-member limited liability company according to the latest regulations

Currently, there are two groups of entities that can become owners of LLCs: individuals and organizations. Therefore, Long Phan introduces to you two sample charters of a one-member limited liability company for you to refer to in the process of building your own company charter. Specifically as follows:

Does the charter of a single-member LLC need to be registered?

According to the provisions of Article 21, Article 22, Clause 3, Article 24 of the Law on Enterprise 2020, the company charter will be submitted together with the company registration dossier, so at the time of establishment of a new company, the charter is a document to be considered. However, when the charter is amended from the original content, the law does not require the charter to be submitted for additional registration or re-registration. Accordingly, the charter of a single-member LLC does not need to go through registration procedures.

>>> See more: Sample charter of a LLC with two or more members for reference.

Regulations on registering the charter of a one-member limited liability company
Regulations on registering the charter of a one-member limited liability company

Consulting service on the charter of a one-member limited liability company in Long Phan

At Long Phan, we provide professional and comprehensive single-member LLC Charter consulting services. Our services include:

  • Consulting on drafting the charter of a one-member limited liability company.
  • Adjust, amend and supplement company charter according to customer requirements and ensure compliance with regulations.
  • Consulting on the rights and obligations of company owners.
  • Consulting on company management and organizational structure.
  • Consulting on legal representatives.
  • Providing services to check the validity of company charter.

With a team of experienced experts, Long Phan will provide prestigious and quality limited liability company charter consulting services. We are always ready to accompany you to help your business develop sustainably, avoid risks and optimize business operations. Contact us immediately via the hotline: 0906735386 to receive detailed advice and support in building the company charter effectively and professionally.