After the establishment and operation of an enterprise that is not operating effectively, or cannot find a development direction as planned, many enterprises are no longer able to continue doing business or do not have the need to continue doing business, in addition to choosing the solution of temporary suspension of business for a period of time, they can choose to withdraw completely from the market through the enterprise dissolution procedure. VNNA Law Firm sends to customers the entire enterprise dissolution procedure so that enterprises can grasp the procedures and comply with legal regulations.
1. Cases in which enterprises carry out company dissolution procedures
According to the provisions of Article 207 of the Enterprise Law 2020, enterprises carry out dissolution procedures when there are the following reasons:
– According to the resolution, decision of the enterprise owner for private enterprises, of the Board of Members for partnerships, of the Board of Members, company owners for limited liability companies, of the General Meeting of Shareholders for joint stock companies. Note, the procedure for dissolving an enterprise when the company no longer needs to continue operating according to the decision of the business owner for private enterprises, of all partners for partnerships, of the Board of Members, the company owner for limited liability companies, of the General Meeting of Shareholders for joint stock companies must ensure that the company has fulfilled its obligations. Different from the bankruptcy procedure, the company is no longer able to pay its due debts.
– The term of operation stated in the Company Charter has ended without a decision to extend;
– The company no longer has the minimum number of members as prescribed by the Law on Enterprises for a period of 06 consecutive months without completing the procedures to convert the type of enterprise;
– The Certificate of Business Registration has been revoked, except in cases where the Law on Tax Administration has other provisions.
2. Documents and procedures for dissolving a business/company
Step 1: Approving the decision to dissolve the business
Step 2: Sending a notice of dissolution of the business
Step 3: Confirming customs obligations at the customs office
Step 4: Procedures at the business registration office
3. Company dissolution/business dissolution services of VNNA Law Firm
– Consulting on procedures, conditions, and documents required to dissolve a company;
– Consulting and guiding the steps to dissolve a business;
– Consulting and guiding businesses to carry out procedures with customs authorities;
– Consulting and guiding businesses to carry out procedures with tax authorities to close the company’s tax code;
– Guiding on the process of paying the company’s obligations before dissolving the company;
– Consulting and reviewing tax declaration and tax settlement documents before carrying out company dissolution procedures;
– Representing clients in carrying out procedures with tax authorities, customs authorities, insurance authorities, and business registration authorities to carry out company dissolution procedures for enterprises under authorization and in accordance with the provisions of the law in a complete package.
Above are the procedures for company dissolution and some notes. If you need advice and need full support on company dissolution procedures, please contact VNNA for detailed advice and instructions.
