THE ATTENTION THINGS BEFORE ESTABLISHING A BUSINESS
Establishing a business is an important step in starting a business. However, before getting started, investors need to pay attention to the following issues to ensure the establishment process goes smoothly and the business operates effectively.
Before starting a business, the most important thing is to determine market demand. You need to research whether your product/service fits your customer's needs and what problems they can meet. If the market demand is large and the development potential is high, the business's likelihood of success will also be higher.
Currently, Vietnamese law stipulates that there are 5 types of businesses including: one-member limited liability company, limited liability company with two or more members, joint stock company, private enterprise and public enterprise, partnership company. Each type of business has its own advantages and disadvantages, suitable for each investor's specific goals and conditions. Therefore, you need to consider carefully before choosing your type of business.
A business name is an important factoc, helping customers easily recongnize and remember. The business name needs to be short, easy to remember, suitable for the business field and not identical to the name of another business.
Head office address is where the business is headquartered. The head office address needs to be realistic, clear and not located in a prohibited business area.
Enterprises need to register a business line appropriate to their field of operation. The list of bussiness lines is specified in Appendix IV of the Enterprise Law.
Authorized capital is the amount of capital that members/shareholders contribute to the enterprise. Authorized capital is an important factor, affecting the ability to mobilize capital, borrow money from banks and operate a business.
The legal representative is the person who represents the enterprise to perfom the rights and obligations of the enterprise before the law. The legal representative must be an individual with full civil capacity and not prohibited from establishing a business according to the law.
Business establishment documents need to be prepared fully and accurately according to the provisions of law. Business establishment documents include:
Business establishment documents are submitted directly to the business registration office of the department of planning and investment of the province/city where the business is headquartered.
After submitting the application to establish a business, the business will be issued a business registration certificate. Business registration certificate is a document certifying the legal entity of an enterprise.
In addition to the above issues, investors also need to pay attention to a number of issues after establishing a business:
Establishing a business is a process that requires careful and serious preparation. Understanding what to keep in mind before establishing a business will help investors minimize risks and increase the likelihood of success.
CPA HCM always commits and ensures expertise and professionalism in services. Currently we are having a promotion package "REGISTER TO ESTABLISH A BUSINESS" for only 1.990.000 VND! what are you waiting for? Sign up now!!!
-----------------------
CPA HCM AUDIT & ADVISORY COMPANY LIMITED
HOTLINE: 1900 0380
WEBSITE: www.cpahcm.com.vn