Model convert from three-member limited liability Company to one-member one

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Model convert from three-member limited liability Company to one-member one.

In the broadcast business and law on the Voice of Vietnam (VOV), Lawyer Nguyen Thanh Ha, the law firm S & B (S & B Law) will answer audiences for converting enterprise model. We are pleased to send you the content of the interview:

Audience: I and my two friends A & B contributed capital to establish a three-member limited liability company 12 months ago. I and my friend A want to transfer the entire amount of capital contributed to B, so how are the transferred procedures?

Lawyer Nguyen Thanh Ha: This is the case that transferring capital contributions on the inside among members in the limited liability company. Thus, the procedure should be conducted as follows:

You and your friend A sign a contract to transfer capital contributions for B => Company converted one-member limited liability company and B is owner.
Conducting business registration procedures in the direction of registered Limited Liability Company by B owned, concrete:
Applying changes Enterprise Registration at Registration Office – Department of Planning and Investment.
After 13 working days, the Company will be granted enterprise registration certificates and new seals.