Business type conversion

Business type conversion is a form of reorganizing the enterprise structure to suit the scale and development orientation of that enterprise without completely terminating operations.

Cases of registration for business type conversion

Converting from a Limited Liability Company to a Joint Stock Company and vice versa:

1. Convert a limited liability company into a joint stock company

• Convert into a joint stock company without mobilizing other organizations or individuals to contribute capital and without selling capital contributions to other organizations or individuals;
• Convert into a joint stock company by mobilizing other organizations and individuals to contribute capital;
• Convert into a joint stock company by selling all or part of the capital contribution to one or several other organizations or individuals; or
• Combine different methods to ensure that the number of shareholders of a joint stock company is at least three shareholders.

2. Convert a joint stock company into a one-member limited liability company

• One shareholder receives the transfer of all corresponding shares of all remaining shareholders;
• Organizations, individuals who are not shareholders receive the transfer of all shares of all shareholders in the company;
• The company only has 01 shareholders left.

3. Convert a joint stock company into a limited liability company with two or more members

• Convert into a limited liability company with two or more members without mobilizing additional shares or transferring shares to other organizations or individuals;
• Convert into a limited liability company with two or more members and mobilize other organizations and individuals to contribute capital;
• Convert into a limited liability company with two or more members and transfer all or part of the shares to other organizations or individuals to contribute capital;
• The company only has 02 remaining shareholders; or
• Combine the above method or other methods.

Converting a private enterprise into a partnership company, a limited liability company, or a joint stock company:

• The converted enterprise must meet all the conditions of that type of enterprise;
• The owner of a private enterprise commits in writing to be personally responsible with all assets for all unpaid debts and commits to fully pay the debt when due;
• The owner of the private enterprise has a written agreement with the parties to the unliquidated contract that the converted company will receive and continue to perform those contracts;
• The owner of a private enterprise commits in writing or has a written agreement with other capital-contributing members on the reception and use of existing employees of the private enterprise.

Converting from a single-member limited liability company to a limited liability company with two or more members:

• The company owner transfers or donates a part of charter capital to one or more different organizations or individuals;
• The company mobilizes additional capital contributions from individuals or other organizations;
• There is more than one individual or more than one organization that inherits the owner's capital contribution.

Converting from a limited liability company with two or more members to a single-member limited liability company:

• Company members transfer, donate, or inherit all capital contributions to an organization or individual;
• Merger, company consolidation contract.

Conversion from a limited liability company with one member being an organization to a limited liability company with one member being an individual: in case the organization transfers its entire charter capital to another individual.

Gia Luat's scope of work:

• Consulting Valued Customers on legal issues related to procedures for converting business type, including:
  • Consulting on choosing a conversion method suitable to the operating situation of the business;
  • Consulting on naming and engraving the seal to suit the type of business after conversion;
  • Consulting on change procedures with relevant authorities: Tax, Bank, Insurance, partners, specialized management authorities, etc. after converting business type.
• Guiding Valued Customers to prepare necessary documents; Checking the legality and validity of documents provided by Valued Customers;
• Preparing documents in accordance with the law;
• Representing Valued Customers to submit documents and work with competent authorities;
• Following up documents and explain as requested by competent authorities (if any);
• Representing Valued Customers to receive results.

We commit to:

• Take responsibility for fully and legally performing the work under the service contract signed with Valued Customers;
• Confidentiality of information and documents provided by Valued Customers;
• Provide the most comprehensive and effective solutions for enterprise operations and management, helping businesses limit risks and ensure compliance with legal regulations.

We believe that our professionalism and carefulness will bring satisfaction and peace of mind when Valued Customers choose Gia Luat.

Thank you very much for your attention to Gia Luat's services.