Question: My company currently has 22 employees under official labor contracts and participating in social insurance. However, we have not yet established internal labor regulations. What potential risks could the company face in this case? Answer: According to Article 119 of the 2019 Labor Code, any employer with 10 or more employees is required to […]

Question: My company is a joint stock company established for two years. Currently, we have not established a Supervisory Board. What potential risks might our company face? Answer: According to Article 137 of the Law on Enterprises, a joint stock company may choose one of the following two models for its management and operation structure: […]

I am the legal representative of XYZ Limited Liability Company, which has a charter capital of VND 10 billion, consisting of three capital-contributing members: Mr. A contributing VND 5 billion (50%), Ms. B contributing VND 3 billion (30%), and Mr. C contributing VND 2 billion (20%). When the company was registered, it declared Mr. A […]

Question: I am currently selling clothes online, with a monthly revenue of about 150 million VND. I also frequently collaborate with KOLs and sell on e-commerce platforms. Recently, a partner has required me to issue VAT  invoices. I am registered as a business household, so it seems I am unable to issue this type of […]

Question: My company is a single-member limited liability company. My company wants to convert into a joint stock company but cannot mobilize additional individuals to contribute capital to the company. I would like to ask, can my company implement the conversion using another method? Answer:  Clause 2, Article 202 of the Law on Enterprises 2020 […]