In the context of an increasingly developing economy and increasingly strict legal regulations, converting from a sole proprietorship to a company is a strategic move, opening up many outstanding development opportunities for businesses. This not only helps to enhance reputation and expand scale but also optimizes legal and tax aspects.

GT Law is proud to be a trusted partner, providing Professional and effective service of converting a business household into a limited liability companyWe are committed to accompanying our customers throughout the entire process, ensuring that procedures are quick, accurate and in compliance with all legal regulations.

Why should you convert a business household into a limited liability company?

Converting from a sole proprietorship to a limited liability company brings many key benefits, especially when the business is oriented towards expansion and sustainable development:

• Legal status and risk limitation: A limited liability company has an independent legal entity, the owner is only liable to a limited extent within the scope of capital contribution, helping to protect personal assets from business risks, unlike a business household which has unlimited liability.
• Easy to raise capital: LLCs have the ability to access larger sources of capital from banks, credit institutions, or attract new investors through the issuance of additional capital contributions.
• Enhance image and reputation: The corporate model creates more professionalism and transparency, increases trust with partners and customers, and opens up opportunities to participate in large projects and international cooperation.
• Tax and cost incentives: LLCs are subject to more favorable corporate income tax rates and are allowed to deduct reasonable expenses, helping to optimize profits. In particular, the State has policies to support the conversion of business households into enterprises, such as exemption of business license fees, exemption of first-time business registration fees, and free guidance on tax administrative procedures and accounting regimes for 3 years.
• Systematic and extensive management: The conversion helps establish a clear organizational structure, a systematic accounting system, easy management and expansion of business activities (opening branches, representative offices, business locations).

Important note for business households from June 1, 2025

As prescribed in Decree 70/2025/ND-CP, from date 01/6/2025, the business household Have Revenue from 1 billion VND/year or more, operating in areas such as:

• Retail goods, mini supermarket

• Food service, restaurant, cafe

• Hotel, accommodation

• Transportation (including technology taxi)

• Entertainment, beauty, sports services…

will It is mandatory to use electronic invoices with tax authority codes. and The lump sum tax payment method is no longer applicable..

🎯 This shows that business households should soon consider converting to an enterprise model. (eg: LLC) to:

• In line with new tax management requirements

• Easily deduct expenses, create professional invoices

• Increase credibility when working with banks, partners and expand business scale

GT Law's service of converting a business household into a LLC includes:

GT Law provides comprehensive solutions to make your transition smooth, from preparation to receiving results.

Expert advice and condition checks

• General advice: Clearly explain the benefits, limitations of conversion, and government support policies.
• Check conditions: Evaluate the necessary conditions for establishing a limited liability company (establishing entity, type, company name, head office address, charter capital, business lines).
• Optimal advice: Support in choosing a unique company name, valid address, determining appropriate charter capital and business line code according to regulations.

Drafting and completing documents

GT Law will, on behalf of the client, prepare a complete set of conversion documents according to the provisions of Article 27 of Decree 01/2021/ND-CP:

• Certificate of business registration (original).
• Tax registration certificate (copy).
• Business registration application (as per sample).
• Company Charter (suitable for 1 member or 2 or more members).
• Member List (for LLCs with two or more members).
• Certified copy of personal identification document of members/legal representatives (ID card/CCCD/Passport).
• Certified copy of the organization's legal documents (if the member is an organization).
• Approval document of the Investment Registration Authority (if there is a foreign investor element).
• Authorization letter for the person submitting the application and receiving the results (if not the legal representative).

Representative submits application and tracks progress

• Submit application: On behalf of the client, submit the application directly to the Business Registration Office - Department of Planning and Investment where the enterprise intends to locate its head office, or submit it online at the National Business Registration Information Portal.
• Monitoring and handling of incidents: Closely monitor the progress of application processing, proactively work with specialists to supplement or correct application (if required) to ensure application approval.

Get results and post-conversion support

• Receive and deliver results: GT Law will receive the new Business Registration Certificate and deliver it to you within 03 working days from the date of receipt of valid documents. At the same time, we will ensure the termination of the old business household.
• Information Disclosure: Carry out procedures for publishing business registration contents on the National Business Registration Information Portal.
• Instructions for post-establishment procedures: Consulting and detailed instructions on the tasks to be done immediately after conversion, including:
  • Procedures for closing personal tax codes and settling tax obligations.
  • Engrave new legal seal and notify seal sample.
  • Open a bank account and notify the issuance of electronic invoices.
  • Set up accounting system, tax reporting regime.
  • Update information with relevant agencies and partners.

Service process for converting a business household into a limited liability company at GT Law

We simplify the process to bring maximum convenience and efficiency to customers:

Step 1: Receive request & Initial consultation

• You contact us, we listen to your needs and provide detailed advice on converting from a business household to a limited liability company.

Step 2: Draft & Sign Documents

• GT Law prepares all documents in accordance with regulations, sends them to you for review and signing at your place.

Step 3: Submit Application & Track Progress

• GT Law representative will submit the application to the Department of Planning and Investment, monitor the progress and handle any arising issues.

Step 4: Receive Results & Handover

• GT Law receives the new Business Registration Certificate and delivers it to you, and guides you through the post-conversion procedures.

Service fee for converting a Business Household to a Limited Liability Company at GT Law

GT Law provides professional services at reasonable and transparent costs, ensuring superior quality.

Contact us now to receive a detailed quote and enjoy special offer discount 50% from date June 31, 2025!

Converting a business household into a company is a strategic decision for sustainable development. Let GT Law accompany you on this journey! Contact us today for a free consultation!