Tiếng Việt
中文 (中国)Procedures for converting from limited liability company to joint stock company is legal content that readers often need to check carefully before implementing it in practice. This article has been systematized by ANT Legal in an easy-to-understand way, helping individuals and businesses understand the main issues, common risks and appropriate solutions.
Conditions and methods for converting a limited liability company into a joint stock company?
Based on Article 202 of the Law on Enterprises 2020, we see that in order to convert a limited liability company into a joint stock company, one of the following requirements must be met: Conditions below:
- Conversion by mobilizing additional organizations and individuals to contribute capital;
- Conversion without mobilizing additional organizations or individuals to contribute capital, and not selling the capital contribution to other organizations/individuals;
- Conversion by selling all or part of the capital contribution to one or several organizations or individuals other;
- Combination of the above methods
- Conversion documents
- Application for business registration.
- Charter companies converted according to the provisions of Article 24 of the Law on Enterprises 2020;
- List of members for limited liability companies with two or more members; list of founding shareholders and list of shareholders who are foreign investors for joint stock companies.
Conversion procedures
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.
Related Articles
- Innovative small and medium-sized startups receive interest rate support from the state budget when borrowing capital according to what principles?
- Is an enterprise allowed to conduct the business of buying and selling gold bars through authorized agents?
- Minutes of transfer of owner representative rights? Does state ownership in an enterprise with 100% charter capital held by the State have to be published in the newspaper?
- Is it possible to dissolve the company when the company is established but is not yet qualified to operate?
- The husband is the legal representative and also the General Director of a joint stock company, and the wife is a shareholder. When the husband dies, does the wife have to pay debts to the company?
