Company division

Company division means that a limited liability company or joint stock company may divide the assets, rights and obligations, members or shareholders of the existing company (hereinafter referred to as the divided company) to establish two or more new companies.

Conditions for dividing company:

• The company must be a limited liability company or joint stock company;
• Written consent of the Board of Members, company owner, or General Meeting of Shareholders is required, specifically a resolution or decision on company division. The agreement to divide a company must comply with the provisions of the law on enterprises and the company's charter, at the same time, the content of the resolution or decision on company division must have all the required content according to the applicable Law on Enterprise.

Method of implementing company division

Company division can be carried out by one of the following methods:

• Part of the capital contributions or shares of members or shareholders along with assets corresponding to the value of the capital contributions or shares are transferred to new companies according to the ownership ratio in the divided companies and the corresponding value of assets transferred to the new company;
• The enire capital contributions or shares of one or more members or shareholders along with assets corresponding to the value of their shares or capital contributions are transferred to new company;
• Combine both methods above.

Gia Luat's scope of work:

• Consulting Valued Customers on legal issues related to company division procedures;
• 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.