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Types of businesses in Vietnam include private enterprises, partnerships, limited liability companies and joint stock companies, each type has its own characteristics and advantages and disadvantages. Choosing the right type of business is an important factor determining success and sustainable development. This article will help you understand how to choose the optimal type of business, helping to maximize benefits and minimize legal risks.
As recorded in the Law on Enterprise 2020, there are 5 main types of businesses:
Each type of business has its own advantages and disadvantages, suitable for different goals and needs of investors. Specifically:
1. Joint Stock Company
Advantage:
Disadvantages:
2. One Member Limited Liability Company (1 member LLC)
Advantage:
Disadvantages:
3. Limited Liability Company with two or more members (Limited LLC with 2 or more members)
Advantage:
Disadvantages:
4. Partnership Company
Advantage:
Disadvantages:
5. Private Enterprise
Advantage:
Disadvantages:
When establishing a business, choosing the right type is an important step that affects its long-term development and operations. Some important factors include:
Benefits of choosing the right type of business include:
To ensure minimize risks during the process of selecting and establishing a business. Customers should use Long Phan’s consulting services. Our consulting services include:
Choosing the right type of business is an important decision that directly affects the sustainable development and success of the business in the future. If you have any questions or need advice on choosing the right type of business, please contact us via the hotline: 0906735386 to receive dedicated and professional advice from Long Phan consultants.
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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