Question: I am preparing to start a business in Ho Chi Minh with help of my close Vietnamese friend. Basically we are opening a business under his name as a local company, but I will handle all the business and will split the profit.
Therefore, I am in need of writing a contract in Vietnamese (also in English if it isn't much of extra work), even though i am aware of the fact that it wont actually protect me but just makes me feel safer.. if you could provide such service of writing a contract, please contract me with detail info and the price for the service.
Answer: I am Lawyer of SB Law. I was entrusted to provide you legal advice regarding to your following inquiry.
For our best preparation to assist you, please answer our questions here under:
- Do you invest money/assests into such local company?
- In case your answer for the above question is "yes', please tell us how much do you invest and how many percentages of your capital in total capital of the company?
- How many percentages of profit that you want to earn?
- Will you earn wage for managing business of the Company? If yes, please also tell us if it shall be deducted from profit to be paid for you?
- What if your friend kicks you out of the Company?
We are looking forward to hearing from you soon.
