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Terminating the operation of an LLC branch is an important legal procedure. This requires businesses to fully comply with the legal procedures. To ensure the termination process goes smoothly and according to regulations, businesses need to prepare complete termination documents and follow the prescribed steps. In this article, Long Phan will guide customers in detail step by step through the procedures for terminating branch operations.
According to Article 213 of the Law on Enterprises 2020, a branch of a limited company will terminate its operations in the following cases:
Case 1: The branch is terminated according to the decision of the enterprise itself.
Case 2: The branch terminates its operations according to the decision to revoke the Branch Operation Registration Certificate of the competent authority. Specifically, according to the provisions of Article 212 of the Law on Enterprises 2020, a branch may have its business license revoked in the following cases:
According to Article 72 of Decree 01/2021/ND-CP, the dossier for termination of branch operations includes the following documents:
In addition, businesses need to prepare documents for tax code termination including the following documents:
Legal basis: Article 14 of Circular 105/2020/TT-BTC
Download notification form requesting tax code termination: Here
The process of terminating the operation of a limited liability company branch as prescribed in Article 72 of Decree 01/2021/ND-CP includes the following basic steps:
Step 1: Complete tax obligations and submit tax code termination documents to the tax authority.
Step 2: Prepare and submit documents to terminate branch operations at the Business Registration Office.
Step 3: Within 02 working days from the date of receiving the dossier, the Business Registration Office coordinates with the tax authority to confirm the tax status of the branch.
Step 4: Within 5 working days from the date of receiving the dossier, if no refusal is received from the Tax Authority, the Business Registration Office will terminate the branch’s operations in the Database. The country of business registration issues a notice on the termination of branch operations.
Enterprises need to pay attention to legal issues when closing branches according to regulations to avoid legal risks. Specifically:
With the purpose of supporting customers to carry out procedures to quickly and effectively terminate the operation of a limited liability company branch, Long Phan provides professional branch operation termination consulting services. This service includes:
To ensure that the process of terminating the operation of an LLC branch is carried out quickly and effectively, customers can choose to use Long Phan’s professional consulting services. Please contact hotline 090.673.5386 immediately to receive detailed advice from experts with extensive experience in the field of corporate law.
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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