Converting a business type is a form of reorganizing the legal structure of a company, to meet the requirements of the number of members, capital structure, or new business strategy. This is an important decision, requiring a deep understanding of the Enterprise Law and related legal regulations to ensure the conversion process is smooth, legal and effective.

GT Law is proud to be the provider Full-package, reputable and professional business type conversion serviceWith a team of experienced legal experts, we are committed to accompanying your business from the initial consultation stage, preparing documents to completing post-conversion procedures, helping your business easily adapt to the changing business environment.

What is business conversion and when should it be done?

Converting a business type is the process of changing the legal structure of a company (for example, from a limited liability company to a joint stock company) to suit the actual situation in terms of the number of members, development orientation, or capital mobilization needs. This process terminates the operation of the old business type and establishes a new type, at the same time inheriting all legal rights and obligations.

Businesses often consider changing their business type in the following cases:

• Change in number of members/shareholders: When the number of capital contributors/shareholders is no longer suitable for the current type (for example: a single-member LLC has an additional member, or a Joint Stock Company has only 1 shareholder).
• Capital mobilization needs: The LLC wants to convert to a Joint Stock Company to easily raise capital from more investors through issuing shares.
• Corporate restructuring: Enterprises want to streamline their apparatus and change their management mechanism to suit the new development stage.
• Changing business goals: A type of business with management regulations more appropriate to the goals and scale of operations is needed.

Common types of business conversion that GT Law supports

As prescribed in Enterprise Law 2020, businesses can change their type to meet development needs, change ownership structure or business strategy. GT Law provides services for all common conversion cases, including:

• Convert Private Enterprise into:
  • Limited Liability Company (one member or two or more members).
  • Joint Stock Company.
  • Partnership.
• Converting a Limited Liability Company into a Joint Stock Company:
  • Do not mobilize other organizations or individuals to contribute capital or sell capital contributions.
  • Mobilize other organizations and individuals to contribute capital.
  • Sell all or part of the capital contribution to other organizations or individuals.
  • Combine the above methods.
• Converting a Joint Stock Company into a Limited Liability Company:
  • Become a one-member LLC (a shareholder buys back all shares or the company maintains only 01 shareholder beyond the prescribed time).
  • Become a limited liability company with two or more members (not mobilizing/transferring shares, or simultaneously mobilizing/transferring to other individuals/legal entities).
• Convert a one-member LLC into a two-member or more LLC.
• Convert a LLC with two or more members into a single-member LLC.

Full service of business type conversion at GT Law

GT Law provides comprehensive solutions to help your business conversion process take place quickly and accurately:

Expert consulting and transformation strategy

• Situation analysis: Evaluate the pros and cons of each type of business against your current and future needs.
• Detailed legal advice: Answer all questions about conditions, processes, procedures, documents and legal issues arising for each conversion case (for example: conditions for private enterprise owners when converting, obligations of private enterprise owners).
• Proposed optimal solution: Choose the conversion method that best suits your business goals and ownership structure.

Prepare and complete conversion documents

• Documentation instructions: Detailed instructions on the necessary documents that businesses need to provide (for example: copy of Business Registration Certificate, copy of ID card/CCCD/Passport of individuals, Business License of organizations).
• Drafting legal documents: Prepare a complete set of conversion documents in accordance with legal regulations, including:
  • New business registration application.
  • Converted company charter.
  • Resolution, decision of the Board of Members/Company Owner/Shareholders' Meeting on the conversion.
  • List of founding members/shareholders (depending on type).
  • Legal documents of related individuals/organizations.
  • Contract of transfer/donation of capital contribution/shares (if any).
  • Documents confirming capital contribution of new members/shareholders (if any).
  • Written commitment of the owner of the private enterprise on personal responsibility, contract acceptance, and labor use (if converted from a private enterprise).
  • Approval document of the Investment Registration Authority (if there is a foreign investor element).
• Check validity: Ensure records are complete, accurate and in compliance with all regulations

Representative to carry out procedures at state agencies

• Submit application: Business representatives submit applications online at the National Business Registration Portal or directly at the Business Registration Office - Department of Planning and Investment of the province/city where the head office is located.
• Monitoring and handling of incidents: Closely monitor the progress of the application, work directly with the Department of Planning and Investment staff to explain, supplement or amend the application in a timely manner (if required).
• Get results: Business representative receives new Business Registration Certificate.

Support post-conversion procedures

After receiving the new Business Registration Certificate, GT Law will continue to support businesses in performing important tasks:

• Carve new seal: Guidance and support for engraving company seals according to new regulations, and notification of seal samples on the National Business Registration Portal.
• Tax settlement: Consulting on corporate income tax (CIT) settlement obligations and settlement documents (if required). Note cases exempted from CIT settlement.
• Electronic/paper invoice processing: Advice on the use or cancellation of old invoices, notification of new invoice issuance (if necessary).
• Change asset information: Instructions for changing information on assets registered by the enterprise (vehicles, land use rights, etc.).
• Notice to relevant agencies: Instructions for notifying changes to tax authorities, banks, social insurance, partners and other specialized management agencies.
• Make new company sign: Instructions for making a new sign to hang at company headquarters.
• Internal consulting: Consulting and drafting internal company documents after conversion (Amended charter, member/shareholder register, capital contribution certificate).

Business type conversion service process at GT Law

We are committed to completing all procedures quickly and efficiently. Processing time at the business registration office is usually 03-05 working days from the date of submission of complete application.

Step 1: Receive request and Initial consultation

• GT Law receives information and provides preliminary advice on conversion types, conditions and procedures suitable for your business.

Step 2: Prepare Conversion Documents

• Guide customers to provide necessary documents.
• GT Law drafts all documents according to regulations, sends them to the client for review and signing.

Step 3: Submit Application and Track Progress

• GT Law representative submits application at Business Registration Office - Department of Planning and Investment.
• Monitor, work and explain to state agencies, ensure documents are approved.

Step 4: Receive Results and Handover

• GT Law receives the new Business Registration Certificate and delivers it to the customer.
• Consulting and support for post-conversion work.

Service fee for Business type conversion at GT Law

GT Law provides professional services at reasonable and transparent costs.

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

Let GT Law help you make the transition of your business type smoothly, comply with the law and optimize your business operations. Contact us today for a free consultation!