Question 32: This provision should be interpreted the founding shareholders have to be
responsible for sticking with the company, are not allowed to leave the company arbitrarily.
Question 33: Assets of a partnership include:
1. Contributed assets the ownership of which have been transferred to the company by
members;
2. Created assets bearing the companys name;
3. Assets derived from business activities carried out by general partners on behalf of
the company and from the business activities single-handedly carried out by general partners;
4. Other assets prescribed by law.
Question 69: Steps to incorporate the limited liabilities company:
Step 1: Check the proposed company name; obtain a business registration certificate as
well as a tax registration certificate from the local business registration office under the
Department of Planning and Investment
Step 2: Make a company seal
Step 3: Registration of the seal-sample at the Police Department
Step 4: Open a bank account
Step 5: Buy pre-printed VAT invoices from the Municipal Taxation Department or obtain
and print self-printed VAT invoices
Step 6: Register for trade union with Vietnam General Confederation of Labor
Step 7: Publish the registration contents on the National Business Registration Portal
(NBRP)
Step 8: Pay business license tax
Step 9: Register with the local labor office to declare use of labor (Municipal Department
for Labor, Invalids and Social Affairs)
Step 10: Register employees with the Social Insurance Fund for the payment of health
insurance and social insurance.
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