Procedures for converting from a joint stock company to a single-member limited liability company is legal content that readers often need to check carefully before implementing it in practice. This article has been reorganized by ANT Legal in an easy-to-understand way, helping individuals and businesses understand the main issues, common risks and appropriate solutions.
Conversion from Joint Stock Company becomes a one-member LLC arising due to the owner’s needs or legal requirements when there is not enough number of members (03 or more). ANT Legal instructions on the necessary legal procedures and processes to carry out the conversion as follows:
Conversion order and procedures
Dossier components
- Application for business registration if the owner is an individual;
- A copy of the establishment decision or business registration certificate if the owner is an organization organization;
- Company charter;
- Valid copy of one of the valid personal identification documents: Citizen identification card or ID card or Passport;
- Contract for transfer of capital contribution or documents proving completion of transfer;
- Decision of the General Meeting of Shareholders on company conversion;
- Valid copy of the meeting minutes of the General Meeting of Shareholders on company conversion;
- Power of attorney.
Number of documents: 01 (set)
How to submit applications
Enterprises submit applications online through the national business registration portal
business: https://dangkyquamang.dkkd.gov.vn/auth/Public/LogOn.aspx?ReturnUrl=%2fauth%2fdefault.aspx
Within 05 working days, the Department of Planning and Investment will review the validity of the application.
After the online registration application is approved, the The applicant prepares the following documents and submits them to the 1-stop department of the Department of Planning and Investment (in case of submitting documents using a public digital signature account, there is no need to submit paper documents again):
- 01 set of application components as mentioned above;
- 01 notice of approval for online application submission;
- 02 Application submission receipt online;
- ID copy of the applicant + original comparison.
After that, the Department of Planning and Investment will confirm the application components and return the results.
State fees: Free registration + 100,000 change announcement fee.
Services to carry out procedures for converting business type of ANT Legal:
- Consulting on necessary documents in the dossier on procedures for converting company type;
- Collect, check and authenticate related documents agency;
- Drafting documents, applications, and documents according to the provisions of law;
- Representing customers to submit documents at the Business Registration Office of the Department of Planning and Investment;
- Representing customers to pay necessary fees according to regulations of state agencies;
- Representing customers to receive notification results at the Department of Planning and Investment, then hand over the documents to the customer.
ANT Legal always proud to be a company providing legal solution consulting services for businesses. With that experience, we are confident in providing business conversion services.
Note on Applying Current Legal Regulations
This article belongs to the Business & M&A group and is presented for reference purposes, helping readers understand the legal issue at an overview level before preparing a dossier or carrying out a transaction.
Legal regulations may vary depending on the timing, locality, type of dossier and specific circumstances. If you need to determine the exact legal basis applicable to your case, you should contact ANT Legal’s lawyers at 0966.475.966 for review and advice before proceeding.
Common Legal Risks to Note
- Applying legal instruments that have been amended, supplemented or replaced.
- Preparing an incomplete set of documents, materials or necessary evidence.
- Misunderstanding the conditions, procedure, timeline or competent authority.
- Signing, submitting a dossier or carrying out a transaction before fully assessing legal risks.
How Can ANT Legal Support You?
ANT Legal can review the specific circumstances, examine the dossier, identify the applicable legal basis, advise on an appropriate handling plan and represent clients in working with individuals, organizations or competent authorities where necessary.
For prompt advice, you may contact a lawyer at 0966.475.966.
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