Procedures for establishing an LLC with two or more members

Article overview

Establishing an LLC (limited liability company) with two or more members brings many important benefits to businesses, especially in dividing risks and increasing the ability to mobilize capital. This type allows members to share management and financial responsibilities, while creating flexibility in deciding on development strategies. In the following article, Long Phan will guide you in detail step by step through the registration procedures for establishing an LLC with two or more members.

Procedure for establishing an LLC with two or more members
Procedure for establishing an LLC with two or more members

Where to register for establishing an LLC with 2 or more members?

According to the provisions of Article 14 of Decree 01/2021/ND-CP, the business registration location is clearly determined. When registering to establish a limited liability company with 2 or more members, an individual must register at the Business Registration Office where the enterprise is expected to have its headquarters.

Basic requirements for establishing an LLC with two or more members include:

  • Minimum 02 members contribute capital;
  • Clearly define business lines;
  • Prepare all relevant documents;
  • Meets the conditions according to current regulations.

Detailed procedures for registering a LLC with 2 or more members

Documents Needed to Prepare

Establishing an LLC with two or more members, individuals need to prepare documents as prescribed in Article 23 of Decree 01/2021/ND-CP. Document components include:

  1. Application for business registration;
  2. Company charter;
  3. List of members for limited liability companies with two or more members;
  4. Copies of the following documents:
  • Legal documents of the legal representative of the enterprise.
  • Legal documents of company members (individual or organization).
  • Legal documents of the authorized representative and representative appointment document.
  • Investment registration certificate (if there is a foreign investor or economic organization with foreign investment).
Documents need to be prepared
Documents need to be prepared

Establishment Registration Procedure

The order of establishment registration is specifically stipulated in Article 33 of Decree 01/2021/ND-CP and is carried out specifically through the following steps:

Step 1: Submit application

The individual registering submits 01 set of documents at the Business Registration Office under the Department of Planning and Investment of the province where the enterprise is expected to be headquartered.

Application form:

  • Submit directly to the Business Registration Office;
  • Submit online;
  • Submit via postal service.

Step 2: Document processing

  • The Business Registration Office issues the Business Registration Certificate, within 03 working days from the date of receipt of valid documents.
  • In case the dossier is not valid or the business name requested to be registered does not comply with regulations, the Business Registration Office must notify in writing within 03 working days from the date of receipt of the dossier.

Note: If past the above deadline the Business Registration Certificate is not issued, or the notice requesting amendments or supplements to the business registration dossier is not received, the business founder or enterprise has the right to Complaints and denunciations according to the provisions of law on complaints and denunciations.

Incorporation Fees and Charges

According to the provisions of the Table of Business Registration Fees and Charges in Circular 47/2019/TT-BTC, the main fees when carrying out the registration procedure for establishing a single-member LLC include the following basic fees:

  • Business registration fee: 50,000 VND/time;
  • Fee for publishing registration content: 100,000 VND/time.

Regulations on Time Limit for Resolution

According to Clause 1, Article 33 of Decree No. 01/2021/ND-CP, the processing time for registration dossiers for establishment of a limited liability company with two or more members is 03 working days from the date of receipt of complete and valid dossiers. The Business Registration Office will issue a Certificate of Business Registration after inspection and approval.

Specify the time limit for processing registration
Specify the time limit for processing registration

Establishing an LLC service with 2 or more members in Long Phan

Long Phan provides comprehensive company establishment services, helping you save time and ensure compliance with current regulations. Long Phan’s services include:

  • Consulting and in-depth support on procedures for registering LLCs with two or more members;
  • Support to answer customers’ questions when performing business registration;
  • Support customers in drafting documents and records for business registration activities;
  • In-depth advice on rights and obligations when registering to establish a LLC with two or more members;
  • Representing customers to explain and work with competent authorities.

Establishing an LLC is a solid step to help businesses ensure stability and sustainable development in a competitive business environment. For detailed support and answers to all questions, please contact Long Phan’s hotline at the hotline: 0906735386. We will accompany and provide professional advice to help you establish a successful business.