PROCEDURES ON CHARTER CAPITAL INCREASE OF SINGLE-MEMBER LIMITED LIABILITY COMPANY

In today’s business environment, increasing charter capital is an indispensable part of business operations, including the single-member limited liability company (LLC) type. As an activity that has a great impact on business operations, the charter capital increase of single-member limited liability company must comply with regulations on the legal processes and procedures to be carried out.

Charter capital increase of single-member limited liability company may be implemented in many method

A single-member limited liability company may increase its charter capital through the method belows:

– Its owner contributes capital;

– Capital raise from other persons.

The company owner decides on charter capital increase of single-member limited liability company

In accordance with actual business needs, the company owner decides the time, method, and amount of charter capital increase.

At the same time, resolutions and decisions of the company owner are also in the list of documents that need to be submitted when carrying out procedures on charter capital increase ofsingle-member limited liability company at a competent state agency.

Remarks upon charter capital increase of single-member limited liability company through mobilizing capital contributions from other persons

In case of raising capital from other persons, the company shall be converted into suitable form of enterprise. To be specific:

– Conversion into a multiple-member limited liability company;

– Conversion into a joint stock company.

>> CAPITAL DECREASE OF MULTIPLE-MEMBER LIMITED LIABILITY COMPANY https://linconlaw.vn/capital-decrease-of-multiple-member-limited-liability-company/

>> PROCEDURES ON CHARTER CAPITAL DECREASE OF SINGLE-MEMBER LIMITED LIABILITY COMPANY https://linconlaw.vn/procedures-on-charter-capital-decrease-of-single-member-limited-liability-company/

Legal procedures on charter capital increase of single-member limited liability company

In case a single-member limited liability company registers to change its charter capital, the company sends the application for changes to enterprise registration information complying with regulations.

Competent agency for procedure handle

Business Registration Office of province where it is headquartered.

Legal procedures implementation

The company prepares and sends an application for changes to enterprise registration information to the Business Registration Office.

Documents announcing the charter capital imcrease of single-member limited liability company include:

– A notification of changes to enterprise registration information;

– The resolution or decision of the owner of the single-member limited liability company.

The business registration agency will update information about the charter capital increase of single-member limited liability company within 03 working days from the date of receipt of the notice.