According the Vietnam Law on Enterprises, there are four common types of
companies
-Private
enterprise is an enterprise owned by an individual who is liable for all of its
operations with his/her entire property;
-Partnership
is an enterprise in which (i) there are at least two partners who are co-owners
of the company, jointly conduct business under one common name; in addition to
general partners, there may also be limited partners; (ii) general partners to
a partnership must be individuals who are liable for all obligations of the
partnership with his/her own entire property; (iii) Limited partners shall be
liable for debts of the partnership only to the extent of their capital
contribution to the partnership;
-Joint
stock company is an enterprise where (i) Its charter capital is divided into
equal portions known as shares; (ii) Shareholders may be organizations and/or
individuals; the minimum number of shareholders shall be three and shall not be
restricted to any particular maximum number; (iii) Its shareholders shall be
liable for debts and other property liabilities of such enterprise within the
limit of the value of their capital contribution to the enterprise; (iv)
Shareholders shall be entitled to freely transfer their shares according to the
provisions of law;
-Limited
liability company (multi-member limited liability company and single-member
limited liability company). A one-member limited liability company is an
enterprise which is owned by one organization or individual (hereinafter
referred to as the company owner); the company owner is liable for debts and
other property liabilities of the company within the charter capital of the
company. A limited liability company is an enterprise of which: (i) Members may
be organizations and/or individuals; the total number of members shall not
exceed fifty; (ii) Members are responsible for debts and other property
liabilities of the enterprise within the amount of capital that they have
committed to contribute to the enterprise; (iii) Capital shares of the members
may only be transferred in accordance with the provisions of law.
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